Tuesday, May 22, 2007

Parkson Retail May Pay 7.25 Percent Yield on Its Five-Year Bond Sale

(Bloomberg) -- Parkson Retail Group Ltd., China's
second-largest department-store operator by market value, may pay
yield of as much as 7.25 percent for its second dollar-
denominated bond sale in less than seven months, according to an
e-mail sent to investors.

The company, owned by Malaysia's Lion Group, plans to price
the five-year $125 million of securities to yield from 7.125
percent to 7.25 percent, the e-mail shows. That's at least 62.5
basis points, or 0.625 percentage point, lower than its $200
million debut bond sale in November.


Read more at Bloomberg Bonds News

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