MIE/SCB bonds

MI Energy and SCB beat volatile bond markets

Despite a bout of market volatility, MI Energy and Siam Commercial Bank both close $400 million bond offers.

<div style="text-align: left;"> MI Energy's producing wellheads at Daan </div>

Nick Ferguson

May 11, 2011

China’s MI Energy and Thailand’s Siam Commercial Bank priced bonds last Friday amid difficult market conditions. Elsewhere, Chaoda Modern Agriculture pulled its benchmark-sized deal and Beijing Enterprise’s new issue widened 12bp as oil prices dropped and commodity markets got the jitters.

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