The private equity industry’s growing presence within Asia’s bond markets was underlined once again this week following the pricing of a $670 million high yield bond issue for WTT Hong Kong, the Territory’s second largest fixed line operator, owned by MBK Partners and TPG Capital.
Private equity groups have now executed a handful of bond deals in the region and their growing enthusiasm for the sector should prove to be a win-win situation for all concerned.
Debt capital markets bankers are happy because they are gaining a new source of business alongside the sovereigns, quasi-sovereigns and corporates, which have long dominated Asia’s G3 bond markets.
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