YTL Power plans CB

The Independent Power Producer (IPP) is planning to launch the first convertible from Malaysia in nearly four years.

Credit Suisse First Boston and Deutsche Bank have the books for a $100 million to $150 million bought deal that is expected to launch within the next month to six weeks. Should the offering proceed, it will mark the first equity-linked issue from the Federation since a $200 million exchangeable by Rashid Hussain in June 1997.

Pre-financial crisis, Malaysian issues traditionally ranked as the most highly prized within the Asian CB universe and today, there are still...

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