Tag: bond

Philippine container-port company International Container Terminal Services comes to market with $250 million of senior unsecured debt. The 5.5-year issue is priced at the tight end of guidance after attracting $2.7 billion of demand. The Singapore dollar-denominated transaction is well received by insurance companies in particular, despite pricing at a tight spread. Despite volatile markets in Europe and the US, nine bond issuers came to market in Asia last week, including Noble, Chandra Asri, New World, KDB and Star Energy. But Bank of ... Industrial Bank of Korea kicks off Korean G3 issuance in 2010 with senior unsecured 5.5-year notes. Korea Development Bank and Kexim are expected to be next in line. Export-Import Bank of India issues the five-year bond against a backdrop of yet another day of unstable market conditions. Evergrande’s $750 million high-yield issue hits the market on a day when trading suffers in response to President Obama’s proposed new limits on US banks. Asia's first corporate bond issue this year is expected to be followed as early as this week by a Vietnam sovereign, while Evergrande Real Estate and PT Cikarang Listrindo are ... The Republic of Indonesia starts the year aggressively with the issue of a tightly priced 10-year bond. The Republic of the Philippines opens the Asian bond market in 2010 with a $1.5 billion tap of two existing lines. Dubai World’s request to restructure its debt is likely to reshape the understanding among investors and issuers of who holds the upper hand when it comes to bond-like sukuk. The Hong Kong conglomerate sells €1.75 billion of seven-year bonds after receiving €7.5 billion worth of orders in a matter of hours. Bumi Resources is the latest Indonesian coal miner to tap the dollar market, finding a gap through which to launch a high-yield bond late last week. The deal prices significantly inside fellow Chinese property developer Country Garden, which reopened the high-yield market with a $300 million deal in September. The offering, made up of perpetual callable notes with a step-up coupon and preference shares, marks the first bank capital deal in Asia in 12 months. Commodity trading company Noble pays a 6.75% coupon for 10-year money ahead of a tender offer for its shorter-dated bonds. The world's second largest thenardite producer sells $250 million of 12% five-year bonds. The country's second-ever dollar bond attracts $6.8 billion of demand as investors expect a growth boost from the post-war restructuring now underway. The Republic of the Philippines brings the second Asian sovereign in 24 hours and its third dollar bond this year. PT Adaro, Indonesia's second biggest coal miner, raises $800 million through the sale of 10-year notes and pays just 7.75% thanks to strong support from global high-yield funds.