hynix-pln-and-cpp-to-price-bonds-this-week

Hynix, PLN and CPP to price bonds this week

After last week's hiatus, one Korean issuer and two Indonesian issuers ready substantial bond deals.
June 20, 2007
Bond issuance is gaining momentum again, after offerings were put on hold during the sell-down of US Treasuries last week. Hynix Semiconductors, PT Perusahaan Listrik Negara PLN and PT Central Proteinaprima CPP are all due to price this week.

According to market observers, demand for Asian bonds is still good. Bank of East Asia, which priced last week at 52bp over Libor, was trading on Monday at 49bp over Libor, while the NIS Group is trading at a spread of 280bp over Treasuries, after pricing at 288bp.

By Monday this week, Hynix, the Korean semiconductor manufacturer rated Ba2BB-BB by Moody's, SP and Fitch, had garnered over $2 billion in demand for...
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