YTL Power readies CB

The independent power producer will begin formal pre-marketing of a $150 million convertible next week.

Credit Suisse First Boston and Deutsche Bank are joint lead managers of a five year bullet deal that will mark the first equity-linked offering from Malaysia since June 1997.

Informal soundings in the credit market suggest that the deal will be marketed at about 150bp over Libor on an asset swap basis. At this kind of spread, it will seem aggressive relative to oustandings, but for dollar investors in particular, will represent a welcome diversification from the...

To continue reading, please login or register for free

Click for more on: ytl | power | readies | cb

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...