Telekom Malaysia mandates bond offering

Telekom Malaysia Berhad is expected to return to the bond markets for the first time in five years next month.

Deutsche Bank and Merrill Lynch have been chosen to lead manage a $300 million to $400 million 10 year bond offering with a euro-144a format. The mandate represents a major breakthrough for both banks, but particularly Merrill Lynch, which has been trying to break into Malaysia for some time.

For many market participants, Merrill's selection also marks an extremely luck breakthrough since it was widely believed that Telekom's house bank JP Morgan would lead any potential bond...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: telekom | malaysia | mandates | bond | offering

Print Edition

FinanceAsia Print Edition