Standard Chartered arranges S$125 million deal for LVMH

LVMH hits the Singapore bond market with a S$125 million deal.
July 18, 2001
Moet Hennessy Louis Vuitton LVMH, the international luxury goods group whose brands include Dom Perignon, Givenchy and Christian Dior, has launched its second borrowing in the Singapore bond market. Standard Chartered acted as sole lead manager on the S$125 million $68.3 million transaction.

LVMH's first visit to the Singapore dollar debt market was in June 2000 with a short-term S$100 million one-year deal.

The latest offering is for five years of unrated fixed rate bonds that carry a semi-annual coupon of 4%. It marks the only  unrated issue from a multinational company to be sold in the local debt market.

An official at the lead manager said the transaction...

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