LG Caltex mandates bond offering

The Korean oil refiner is believed to have mandated its first international bond offering since July 1997.
The kick-off meeting for a $300 million 10-year transaction is said to have taken place on Wednesday, despite the fact the company has continued to send out RFPs request for proposals to other banks.

Books for the euro-144a deal are said to have been awarded to Credit Suisse First Boston, with Deutsche Bank and Goldman Sachs winning slots as lead managers. All three banks refused to confirm or deny the rumours, although other market participants say the company has had a working shortlist for some time.

The companys choice is hardly surprising given that CSFB led the banks last major international roadshow in summer 1999, while Goldman has led all three...

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