WTT: PE sponsors dial in bond markets to refinance debt

A high yield bond for WTT demonstrates how private equity sponsors are increasingly turning to the bond markets to optimise an acquisition's capital structure.

WTT: PE sponsors dial in bond markets to refinance debt

The private equity industry’s growing presence within Asia’s bond markets was underlined once again this week following the pricing of a $670 million high yield bond issue for WTT Hong Kong, the Territory’s second largest fixed line operator, owned by MBK Partners and TPG Capital.

Private equity groups have now executed a handful of bond deals in the region and their growing enthusiasm for the sector should prove to be a win-win situation for all...

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