IOI Corp launches first international bond

Malaysian palm oil and property company launches first straight dollar bond deal.

IOI Corporation is to launch its first dollar bond deal this week with the help of book runners Citigroup and Barclays Capital. The deal has an initial size of $350million although given the strength of demand for recent Asian issues such as the China Merchants or Shinhan Bank trades, this size looks easily covered. The deal will have a ten-year maturity and count as a senior unsecured credit.

Road shows for the deal will start this...

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