Asia Global Crossing revives debt and equity offerings

Broadband internet carrier Asia Global Crossing is preparing to re-launch a combined $1.3 billion debt and equity offering.

Joint roadshows for a prospective $900 million Nasdaq-listed equity offering and $400 million high yield debt transaction have been provisionally scheduled to begin on September 11. Goldman Sachs and Salomon Smith Barney are joint bookrunners for the former, Chase Manhattan and Merrill Lynch joint bookrunners for the latter.

The company, which was formed last November as a joint venture between Global Crossing of the US, Microsoft and Softbank, had originally intended to launch its deal just prior to...

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