This will mark the very first time Kerry has tapped the offshore debt capital market. The deal will carry a Reg-S only senior unsecured structure, with a 10 year maturity.
As such, Standard PoorÆs is the only rating agency to give the new deal a rating, having assigned the proposed deal a BBB- evaluation.
The deal was launched yesterday August 15 with very limited investor meetings in Hong Kong.
Officially, roadshows kick-off in Singapore today August 16, before moving back to Hong Kong on...