Telekom Malaysia mandates bond offering

Telekom Malaysia Berhad is expected to return to the bond markets for the first time in five years next month.

Deutsche Bank and Merrill Lynch have been chosen to lead manage a $300 million to $400 million 10 year bond offering with a euro-144a format. The mandate represents a major breakthrough for both banks, but particularly Merrill Lynch, which has been trying to break into Malaysia for some time.

For many market participants, Merrill's selection also marks an extremely luck breakthrough since it was widely believed that Telekom's house bank JP Morgan would lead any potential bond deal. The latter is since thought to have been conflicted out, however, by an MA transaction. Indeed, for Merrill Lynch, the deal represents its first major mandate in a country where Credit Suisse...

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