GS Caltex closes bond in record time

Deutsche Bank and Goldman Sachs announce, tighten and then price Asia's first high-grade deal in over a month and do so in less than eight hours.

Korean oil refiner, GS Caltex, priced one of AsiaƆs faster ever bond deals on Tuesday August 1 when it completed a $200 million 10-year offering a mere eight hours after the deal's first being announced.

The Reg-S only deal was announced just after Asia opened yesterday morning via joint bookrunners Deutsche Bank and Goldman Sachs and closed at 6pm with an order book that was 2.5-times oversubscribed and priced at the tight end of revised guidance.

Deutsche and Goldman Sachs...

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