Optus Finance Optus joined the list of Temasek-linked borrowers this year to tap the international capital markets, when it raised $500 million with a10-year bond last night.
After initial price guidance of a 160 basis point yield spread, the bonds were placed 10bp tighter at 150bp.
The lead managers, Citi, HSBC and J.P Morgan, launched and priced the deal rapidly, finding solid support from Asian investors in a strong market where Asian credits tightened by around 5bp yesterday. The deal was five times subscribed and bonds were distributed to more than 150 accounts.
It's a non-call issue and pays a 4.625% semi-annual coupon. It was re-offered to investors at 99.739 to...
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