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GC Asia
B-rated Multipolar dares to launch dollar bond deal
Multipolar braved Asia’s fragile debt market to attempt its debut dollar bond on July 18 even as the region’s markets were still recovering from a debt market rout.
The Indonesian retailer, which is rated B+ by Standard & Poor’s and Fitch, launched a $200m five year non-call three Reg S deal with initial guidance of high 9%, immediately after investor meetings wrapped up in London the night before.
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