LG Caltex bond heavily oversubscribed

After being postponed due to labour problems, the Korean oil refiner relaunches its bond in style.

If at first you don't succeed, try, try again. That seems to be the message from the highly successful relaunch of LG Caltex's $300 million bond issue.

The Korean oil refiner had started roadshows for the issue on July 19 only to see its offering derailed by a high profile labour dispute. Indeed, having gone through Singapore, Hong Kong, Boston and New York, the decision was taken to delay.

However, with the...

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