Asia Global Crossing revives debt and equity offerings

Broadband internet carrier Asia Global Crossing is preparing to re-launch a combined $1.3 billion debt and equity offering.

Joint roadshows for a prospective $900 million Nasdaq-listed equity offering and $400 million high yield debt transaction have been provisionally scheduled to begin on September 11. Goldman Sachs and Salomon Smith Barney are joint bookrunners for the former, Chase Manhattan and Merrill Lynch joint bookrunners for the latter.

The company, which was formed last November as a joint venture between Global Crossing of the US, Microsoft and Softbank, had originally intended to launch its deal just prior to the summer break. However, it decided to pull back at the last minute after receiving comments from its SEC filing which would have led it to miss the slim market window it had been aiming...

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 (2-10 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 (2-10 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