IOI Corporation is to launch its first dollar bond deal this week with the help of book runners Citigroup and Barclays Capital. The deal has an initial size of $350million although given the strength of demand for recent Asian issues such as the China Merchants or Shinhan Bank trades, this size looks easily covered. The deal will have a ten-year maturity and count as a senior unsecured credit.
Road shows for the deal will start this week with the teams in Singapore on Thursday, Hong Kong on Friday and the London on Monday. The Reg-S issue will then launch and price next week.
The deal has been...
