Ranhill prices hard-fought dollar bond

In the wake of Ocean Grand, ABN AMRO completes a deal for a Malaysian holding company with business interests in Libya.

Early Thursday morning, sole bookrunner ABN AMRO sold a $220m five-year global deal for Malaysian holding company Ranhill. CIMB was co-lead manager. The deal, first announced in late September, roadshowed in the first two weeks of October, taking in the US, Europe and Asia.

From the outset, the sale of the B-B- SPFitch credit was considered a difficult task given the infrastructure, energy, engineering and construction firm's weak financial position, high client concentration risk, and its...

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