INI steel completes convertible

One of the weakest credits in the Asian convertible universe manages to complete a deal despite a day of immense volatility.

Goldman Sachs successfully cleared a debut $100 million convertible for Korea's INI Steel yesterday (Wednesday) by pricing the deal at the outer end of its indicative range. The deal size was relatively small, but it was nevertheless testament to the lead's skill in being able to hold any kind of book together at all during the worst trading day for the world's equity markets since September 11.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media