Where PCCW-HKT failed in July, SingTel is hoping to succeed this November, with the launch of a $2 billion 10 year deal that will mark the largest corporate bond offering from Asia this year and rank equal to Hutchison Whampoa's $2 billion offering of July 1997 as the largest on record.
SingTel's ambitious plans underscore the emergence of Singapore onto the debt capital markets stage during 2001, with the city state leapfrogging the rest of the region from nowhere to the very top of the league tables. Should the telecommunications group get all of its prospective deal away it will, therefore, stand equal third with Hutch behind the...
