GS Caltex may upsize bond

Joint bookrunners Bank of America, Barclays and Merrill Lynch to price $300 million GS Caltex bond later today.

The Korean oil refiner, started roadshows on Oct 13, shopping the Reg-S 144A deal to investors at roadshows in London, New York, Singapore and Boston. Although initially launched at a size of $300 million, the book is said to have already topped that mark and observers speculate that the deal could be upsized. The borrower is looking to raise $500 million in the debt markets in order to pay down debts.

The bookrunners opened the bookbuilding process marketing...

To continue reading, please login or register for free

Click for more on: gs | caltex | may | upsize | bond

Print Edition

FinanceAsia Print Edition