Global investors snap up GS Caltex’s return

By Addison Gong
21 Jun 2018

South Korea’s GS Caltex Corp had five times the demand for its $300m bond on Wednesday, allowing it to pull off an exceptional 30bp price tightening.

Following a roadshow that covered Asia and the US, bookrunners BNP Paribas, Citi and HSBC spotted an issuance window on Wednesday in a week that was dominated by headlines related to a possible US-China trade war.

“The Tuesday after the [public] holiday was pretty bad, but on Wednesday ...

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