La Mondiale flies on first trip to Asia
Lead managers on La Mondiale’s $600m perpetual non-call six were able to accelerate pricing this week after gathering €4.6bn of orders, with more than half the print snapped up by Asian accounts that were seeing the name for the first time.
BNP Paribas, Deutsche Bank and HSBC priced the perp at 7.625% on Tuesday afternoon, having made the decision to end the bookbuilding process early after a strong response from buyers.
"The book built pretty quickly in the Asian market and then into the European morning so by mid-morning in
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.