MMI keeps up high yield supply with $300m bond

Singapore’s MMI International closed a $300m bond on Friday, taking advantage of the reignited appetite for high yield credits after the blow-out success of Cikarang Listrindo’s deal last week.

  • 19 Feb 2012

Cikarang, a power producer from Indonesia, sold $500m of seven year non-call four bonds that gathered a whopping $4.3bn of orders from yield-starved investors. That left $3.8bn of demand that was left unallocated, bolstering the hopes of MMI and other high yield issuers in the region.

Credit Suisse, JP ...

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