MAXpower markets bond, mulls IPO

Indonesia's first prospective corporate bond issuer of the year hopes to take advantage of last week's strong spread tightening in the Asian high yield sector.

MAXpower markets bond, mulls IPO

MAXpower, the Indonesian gas-power specialist, hopes to take advantage of the Asian credit market's strong secondary market momentum with the launch of a debut high yield bond.

The B1B1B rated group begins roadshows for a $250 million five non-call three-year bond issue on Tuesday, with presentations spanning Singapore, Hong Kong, London and the US. The 144a deal may provide the new issue market with the year's first real test of investor...

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