a-bank-a-developer-and-a-retailer-walk-into-a-market

A bank, a developer and a retailer walk into a market...

As global markets are becoming increasingly difficult to predict, Asia's international debt pipeline will look to sell one investment grade and two high-yield deals later this week.
Despite the continued weakness in global bond markets, three new offshore offerings are expected to hit the market later this week. Korean government-owned National Agricultural Cooperative Federation NACF, Philippine developer Megaworld and IndonesiaÆs largest retailer Matahari Putra Prima will all look to test a market starved of new issuance.

It's good to see some deal flow again, one banker assesses. But it's very definitely a buyers' market out there at the moment.

NACF, the primary banker to KoreaÆs farming community, is currently on the road with a $400 million Reg-S lower-tier 2 10-year non call five-year deal led by BNP Paribas, Calyon, and Merrill Lynch. Investor presentations will take place in Singapore and...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222