The deal, which was jointly arranged by Citi and Credit Suisse, was launched with an aggressive price range that represented a discount of only 1% to 3.5% versus yesterdayÆs closing price of W45,000 and not surprisingly, the final price was fixed to allow for the maximum 3.5% discount. However, for a $2.2 billion block, this was still considered tight and some sources say the prevailing opinion among bankers before the trade was that it would take a discount closer to 5% to get it done.
At...
¬ Haymarket Media Limited. All rights reserved.
