Tower Bersama pulls tap on pricing, demand mismatch

Morgan Davis

January 26, 2021 08:00 AM

Stock crash market exchange loss trading graph analysis investment indicator business graph charts of financial digital background down stock crisis red price in down trend chart fall | Engdao - stock.adobe.com

Indonesia's Tower Bersama Infrastructure took an aggressive pricing approach to a tap of its dollar bond on Monday. But when investor response fell short of expectations, the issuer was forced to pull its fundraising.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

Barclays Corporate Bonds Asia Mizuho Southeast Asia BNP Paribas Indonesia Asia Pacific Crédit Agricole Emerging Markets HSBC DBS High grade and crossover bonds

MD

Morgan Davis

Deputy editor GlobalCapital Asia