C&M premieres its debut international bond
Korean CATV provider launches new issue to the tune of a $7 billion-plus order book.
South Korean cable TV company, CM Communications has become the latest Asian issuer to take advantage of the recent glut in liquidity, pricing an upsized dual tranche $650 million deal early on Tuesday January 24. Citigroup and Goldman Sachs were joint leads on the Reg-S144A deal, which closed 11 times oversubscribed despite closing its books early.
The Ba2BB rated offering, upsized from $550 million to $650 million, has a $450 million 10-year non-call five-year fixed rate...
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