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...
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