LG Caltex bond heavily oversubscribed

After being postponed due to labour problems, the Korean oil refiner relaunches its bond in style.

If at first you don't succeed, try, try again. That seems to be the message from the highly successful relaunch of LG Caltex's $300 million bond issue.

The Korean oil refiner had started roadshows for the issue on July 19 only to see its offering derailed by a high profile labour dispute. Indeed, having gone through Singapore, Hong Kong, Boston and New York, the decision was taken to delay.

However, with the labour dispute coming to an end joint bookrunners, Bank of America, Citigroup and Deutsche Bank decided to relaunch the transaction last Friday. Ironically, the deal benefited from the delay thanks to a US treasury market...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222