can-it-be-mnc

Can it be... MNC!

Proving the naysayers wrong, Deutsche Bank has finally brought Indonesia's Media Nusantara Citra to market, and hopefully put some life back into Asia's limp high-yield market.
September 05, 2006
Ending weeks of speculation, AAA Securities and Deutsche Bank have officially resuscitated AsiaÆs high-yield debt market with the pricing of a $168 million five-year offering for PT Media Nusantara Citra MNC. Deutsche Bank was sole bookrunner on the deal.

The deal represents the first publicly sold Asian high-yield deal since Arpeni Pratama Ocean LineÆs BBB- $160 million seven year non-call four year from Citigroup back on April 25.

The new deal is hopefully a signal that the market is putting behind it the uncertainty it experienced during the summer break when transactions struggled to get to market and mostly had to be restructured or postponed.

Instead, the Ba1BB rated deal has...
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