Samsung bond relies on US bid, Asian traders complain about pricing

03 Apr 2012

Samsung Electronics raised $1bn in the international bond market at the start of the week, relying almost entirely on US investors after some Asian accounts said they were turned off by the aggressive pricing.

Samsung priced the five year deal at 80bp over Treasuries, which offered US investors a good return compared to their local comparables, said bankers close to the deal. US computer maker Dell’s outstanding five year bond was trading at a G-spread of around 71bp. But to Asian investors ...

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