Dacom launches roadshows

Second Korean telecom operator approaches Asian high yield market.

Dacom Corp, Korea's second largest fixed line operator, began roadshows in Hong Kong yesterday March 15 for a debut international bond deal. The group is hoping to raise up to $300 million from a five-year deal led by Credit Suisse First Boston.

Roadshows will continue in Singapore today, before returning to Hong Kong on Wednesday and then onto to Europe and the US. Pricing is expected in the middle of next week.

Investors have said that they have heard the bond will carry one mid double B rating and one low double B rating. If correct, this will place Dacom in a slightly weaker ratings position...

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