Third time’s a charm as Maoye prints $300m

By Virginia Furness
15 May 2014

Maoye International Holdings priced its debut dollar bond on Monday, its third attempt to sell an international deal. With the right timing and careful guidance by dealers, the bond crossed the line with orders of $1.1bn for the $300m offering.

Poor timing blighted Maoye’s previous attempts to come to market. It first appeared in June 2013 when it mandated Citi, Deutsche Bank, Goldman Sachs and JP Morgan for a Reg S/144A transaction. However, with talks of tapering and volatile dollar markets practically paralysing issuance, it was unable to price.


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