IOI Corp, which also manufactures oleochemicals and specialty oils and fats and is active within property development and investments through a subsidiary, will act as guarantor for the bonds.
With $2.5 billion worth of orders and 125 accounts in the book, Citigroup as the sole bookrunner managed to push the yield to put all the way to the tight end of the 3% to 4% offering range, which resulted in an implied volatility at a significant premium to historic levels.
Even at a 4% yield the...
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