GITI Tire is a privately owned entity belonging to a Chinese family based in Singapore and Indonesia. The bond will list in Singapore. The sale was arranged by Credit Suisse and Lehman Brothers.
The deal was meant to price on Thursday but eventually priced on Friday, reportedly because of changes in the security package. ôBy the time the change in the security package had been signed off, we did not have time to go back to the Asian investors, so we had to extend an extra day. But nobody left the book,ö...
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