JG Summit opens 2006 high-yield corporate market

Unrated Philippine conglomerate first to test the new year''s high-yield appetite.

In a year that many analysts expect to be a breakout year for the Asian high-yield debt market, JG Summit has opened the corporate space pricing an upsized $300 million offering last night January 11. Under the sole lead of Credit Suisse First Boston, a $200 million issue was upsized to $300 million after the book closed at $1.4 billion.

The notes are issued via a wholly owned offshore special purpose vehicle JGSH, and...

To continue reading, please login or register for free

Click for more on: jg | summit | opens | 2006 | highyield | corporate | market

Print Edition

FinanceAsia Print Edition