Deutsche and co-lead UOB Asia announced the Reg-S only deal on Monday last week with an initial guidance of 11%. With a series of anchor orders in place, the leads priced the deal on Friday night October 20. Final pricing came at 97.666% with a coupon of 10.75 to yield at 11.375%. That represents a spread of US Treasuries plus 662.6bp or Libor plus 593bp.
The deal, rated BBBBBSPFitchNational Fitch, closed approximately three-times oversubscribed with a total of 30 investors...
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