Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Review > Headlines for 2016 > News item |
Georgian Oil schedules roadshow for possible bond deal; Isbank, Poland notes trade better
By Aleesia Forni
New York, April 4 – Georgian Oil and Gas Corp. announced on Monday plans to bring to market a possible bond offering.
The company said it mandated J.P. Morgan Securities LLC and Barclays to arrange a series of investor meetings set to kick off this week, according to a market source.
The meetings are set to take place in the United States from April 6 to April 8 and move to London from April 11 to April 12.
Georgian Oil and Gas is a Tbilisi, Georgia-based company focused on the exploration, production, transportation and sales of oil and gas resources.
Moving to the secondary market, Turkey’s Turkiye Is Bankasi AS’s (Isbank) $750 million 5 3/8% notes due 2021 that priced at a 420-basis-point spread last week was quoted on Monday at 416 bps bid – 2 bps better compared to Friday’s close.
Deutsche Bank, HSBC, ING, JPMorgan and Societe Generale were the bookrunners for the Rule 144A and Regulation S deal.
In other trading, Poland’s $1.75 billion of 3¼% notes (A2/BBB+/A-) that sold at Treasuries plus 150 bps on Wednesday traded around 1 bp better during the session.
The notes were quoted at 143 bps bid.
Barclays, BNP Paribas, Deutsche Bank and JPMorgan were the bookrunners for the Securities and Exchange Commission-registered deal.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.