Published on 9/12/2019 in the Prospect News Emerging Markets Daily.
New Issue: Thailand’s Indorama sells $300 million 4 3/8% bonds due 2024
By Sarah Lizee
Olympia, Wash., Sept. 12 – Indorama Ventures Global Services Ltd. sold $300 million of 4 3/8% guaranteed bonds due 2024, according to a notice.
Australia and New Zealand Banking Group Ltd., Merrill Lynch (Singapore) Pte. Ltd., Hongkong and Shanghai Banking Corp. Ltd., Singapore Branch and Standard Chartered Bank are the lead managers and bookrunners.
Indorama is a Bangkok-based vertically integrated polyester chain producer and wool yarns manufacturer.
| Issuer: | Indorama Ventures Global Services Ltd.
|
| Issue: | Guaranteed bonds
|
| Amount: | $300 million
|
| Maturity: | 2024
|
| Bookrunners: | Australia and New Zealand Banking Group Ltd., Merrill Lynch (Singapore) Pte. Ltd., Hongkong and Shanghai Banking Corp. Ltd., Singapore Branch and Standard Chartered Bank
|
| Coupon: | 4 3/8%
|
| Settlement date: | Sept. 12
|
| Listing date: | Sept. 13
|
| Distribution: | Regulation S
|
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