Investors snap up Thai Exim for diversity bond play
The Export-Import Bank of Thailand played to investors’ need for diversity on Wednesday, marketing a $300m-capped transaction at a very tight rate.
Joint bookrunners and lead managers HSBC, Mizuho and Standard Chartered started the pricing on the five year bullet at 120bp over three month Libor area.The order book built quickly to more than $1.5bn before lunch time in Hong Kong, and later reached more than $3.7bn just after ...
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