Tower Bersama Infrastructure sold a $350 million seven-year bond that is callable in year four on Tuesday evening, accessing Asia’s debt capital markets for the first time in two years.
The Reg S-only offering of the Jakarta-based provider of telecoms infrastructure to wireless carriers priced at a yield of 5.25%, which is a hefty 50bp tighter than its initial price guidance area of 5.75%, according to a term sheet seen by FinanceAsia. It is also priced at the tighter end of the final price guidance range of between 5.25% and 5.375%.
The issuance the second non-Chinese junk bond so far this year was...
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