G-Steel forges high-yield debut

G-Steel manages to prices rare high-yield dollar bond after downsizing issue size.
September 27, 2005

Following a slight delay to allow investors extra time to conduct due diligence, sole book runner UBS priced a downsized five-year callable bond for debutant G-Steel of Thailand in New York on Monday (September 26). The final issue size for the B1/B+ rated, Reg-S bond was set at $100 million compared to initial estimates around the $150 million level.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Related Articles

Q&A: How Oaktree finds value in high yield

Jointly responsible for Oaktree's global high-yield investment strategies, David Rosenberg talks about where he sees value and where he sees danger, both in the US and Asia.
November 22, 2017