Sino-Forest returns to dollar bond investors...
Sino-Forest Corp raised $600m in the international bond market last week, becoming the latest Asian debt issuer to get a huge response from investors as the appetite for Asian credit continues unabated.
Bank of America Merrill Lynch and Credit Suisse priced the seven year non-call four deal to yield 6.25%, at the tight end of guidance set between 6.25%-6.375%.
Some 447 accounts placed $7bn of orders for the deal. Asian accounts bought 41%, US investors took 26% and European buyers the ...Please take a trial or subscribe to access this content.
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