PT Truba readies high-yield deal as Kexim drops Samurai
The Indonesian construction firm mandates UBS for its Reg-S three-year senior bond transaction, while KoreaÆs Export-Import Bank shelves its Ñ30 billion Samurai.
Indonesia's PT Truba Alam Manunggal Engineering has mandated UBS in what could be the first high-yield bond deal in Asia this year. In less than a week, three bonds have priced including the year's first non-government linked bond transaction Swire, and the region's first triple-B deal Nine Dragons Paper.
Truba has announced its intention to raise dollar funds in a Reg-S three-year senior bond transaction following an investor roadshow in Hong Kong today, Singapore April 28 and...
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