True Move succeeds where its parent failed

The Thai telecom operator issues an upsized seven-year debut dollar deal inside of initial guidance.

Citibank and Deutsche teamed up to bring a debut dollar bond deal for ThailandÆs third largest telecom operator True Move on Thursday December 7. The leads took the borrower into the market with a possible $400 million to $450 million dual tranche deal that could include a seven-year bullet and five-year non-call two FRN, with the size of the tranche splits undetermined.

The roadshow kicked off in Singapore on November 22 and wrapped up last week following stops...

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