Chartered Semi firms up its credit curve

Singapore's Chartered Semiconductor adds a seven year maturity to its credit curve.

Singapore's Chartered Semiconductor priced its SEC registered international bond on Thursday March 30, under the lead of Goldman Sachs.

The Baa3BBB- rated group closed the $300 million seven-year deal on the back of a $1.2 billion order book. The deal further established CharteredÆs credit curve. Last year the company issued five-year and 10-year notes in its debut in the international capital markets.

The deal was priced at 157bp over Treasuries to yield 6.25% based on a re-offer...

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