Tuesday, May 22, 2007

IRPC Raises $250 Million in First Bond Sale By a Thai Company This Year

(Bloomberg) -- IRPC Pcl, Thailand's biggest
petrochemicals company by sales, raised $250 million from its
bond sale, the first overseas debt offering by a Thai company
this year.

IRPC priced its first overseas debt sale to yield 1.13
percentage points more than the mid-swap rate, according to a
statement today from Barclays Plc. IRPC received demand of more
than $1 billion from investors, allowing it to cut the yield
from an originally planned 1.2 percentage points over the mid-
swap rate, the statement said. Barclays and Citigroup Inc.
arranged the sale.


Read more at Bloomberg Bonds News

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