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...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES