citi-adds-new-high-yield-mandate-to-its-dcm-pipeline

Citi adds new high yield mandate to its DCM pipeline

Noble Finance, an Indonesian SPV, has mandated Citigroup for a propsed dollar-denominated high-yield bond offering.
July 13, 2006
Property holdings special purpose vehicle SPV Noble Finance BV has awarded Citigroup the mandate for a proposed dollar denominated Reg-S144a high-yield bond offering. Citigroup will act as sole bookrunner, as well as joint lead manager with PT Batavia Prosperindo Sekuritas.

This deal should not be confused with the similarly named Noble Group, listed in Singapore. In March of 2005, Noble, a commodity trading company, launched a $700 million Ba1BB bond deal via sole bookrunner JPMorgan.

As yet Noble Finance has not established any outline in terms of final size and tenor.

The notes will be unconditionally and irrevocably guaranteed on a joint basis by PT Mulia Intipelangi, PT Mulia Intanlestari and PT...
¬ 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 (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