Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for PT Bukit Asam > News item |
ICBC sets roadshow; Indonesia’s Bukit Asam plans dollar deal; Asian credits, Ukraine flat
By Aleesia Forni
Virginia Beach, Sept. 14 – Industrial and Commercial Bank of China Ltd. and PT Bukit Asam (Persero) Tbk are each eyeing possible dollar bond sales, announcing investor meetings ahead of the planned offerings.
ICBC said it will begin a roadshow on Monday ahead of a proposed tier 2 capital issue.
The bank plans to use proceeds from the Rule 144A and Regulation S offering to replenish its tier 2 capital.
And Bukit Asam mandated Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC to arrange a series of investor meetings this week ahead of its dollar bond.
In Asian credits, spreads held up in the face of a drop in equities and were mostly flat on the day.
Korea Development Bank’s recently priced $750 million issue of 3 3/8% 10-year notes was 5 bps tighter at 110 bps bid, a market source said.
The issue sold at Treasuries plus 115 bps on Wednesday.
BNP Paribas, BofA Merrill Lynch, Credit Agricole CIB, JPMorgan, KDB Asia, Standard Chartered Bank and UBS were the bookrunners for the Securities and Exchange Commission-registered offering.
In other trading, Ukrainian sovereign bonds were also largely unchanged on the day, according to a market source, while quasi-sovereigns and corporates were also holding firm.
Ukraine’s bonds due 2017 rose to 75.3 bid, 77 offered, while the 2023s were unchanged at 75 bid, 77 offered.
The source also noted solid demand for MetInvest BV’s bonds due 2018.
© 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.