City Telecom rings in new year for Asian bond markets

City Telecom is to launch the first high yield bond from the Hong Kong telecom sector with a $110 million deal led by Citigroup. Roadshows for the 10 non-call five issue begin today (January 6) in Hong Kong and Singapore, with one team moving to London on Friday and the other to Los Angeles. Presentations will continue in the US throughout the whole of next week, with pricing expected either late in the week or early the week after.