Two single-B rated Thai credits hope to follow G-Steel's lead into the international bond markets over the coming few weeks, with plans to raise up to $500 million between them. ABN AMRO and Deutsche Bank have been mandated for a proposed $250 million offering by B- rated pulp and paper producer Advance Agro, while JPMorgan will lead a $225 million Reg S144a bond for B2B rated telecom operator True Corp.
The latter will begin roadshows next week, starting in Singapore on November 28, followed by Hong Kong on November 29, before moving to Boston, New York and the US West Coast. Proceeds from the seven-year non call four...
