Can it be... MNC!

Proving the naysayers wrong, Deutsche Bank has finally brought Indonesia's Media Nusantara Citra to market, and hopefully put some life back into Asia's limp high-yield market.

Ending weeks of speculation, AAA Securities and Deutsche Bank have officially resuscitated AsiaÆs high-yield debt market with the pricing of a $168 million five-year offering for PT Media Nusantara Citra MNC. Deutsche Bank was sole bookrunner on the deal.

The deal represents the first publicly sold Asian high-yield deal since Arpeni Pratama Ocean LineÆs BBB- $160 million seven year non-call four year from Citigroup back on April 25.

The new deal is hopefully a signal that the...

To continue reading, please login or register for free

Click for more on: deutsche bank | aaa securities | media | fixed income | debt

Print Edition

FinanceAsia Print Edition