The company held beauty parades earlier this week to appoint ratings advisors and lead managers for what is said to a $300 million to $500 million financing. About a dozen international and local banks had previously been sent an RFP Request for Proposals to suggest possible structures and maturities for a dollar bond, which may also yet be complemented by a small domestic issue as well.
Clear favourite to win the mandate has to be Salomon Smith Barney, which has long been regarded as the company's house bank and is its advisor on the resolution all five KSO disputes with foreign partners. Indeed, it is the recent resolution of two of these disputes and ongoing...
