Indosat revives Asian high yield market

A large order book sees Indonesian telco successfully re-open Asian high-yield debt market.

Lead managers Credit Suisse First Boston, Goldman Sachs and JPMorgan have given Asia's beleagured non-investment grade sector a much needed boost following the successful completion of a $250 million issue for PT Indosat Thursday. The Reg S 144A seven non-call five deal had an unexpectedly strong investor showing and proved to be a classic example of how to use a small issue size and wide guidance to gain traction and tight pricing.

Having gone...

To continue reading, please login or register for free

Click for more on: indosat | revives | asian | high | yield | market

Print Edition

FinanceAsia Print Edition

CONFERENCES