(Bloomberg) -- Azgard Nine Ltd., a Pakistani textile
and fertilizer maker, hired Citigroup Inc. to arrange its first
overseas debt sale as it seeks to tap investor demand for
higher-yielding assets, an e-mail sent to investors shows.
The Lahore-based company plans to sell as much as $260
million of bonds, according to rating companies. The bonds were
today rated B+, four levels below investment grade, by Standard
& Poor's, and one step lower at B2 by Moody's Investors Service.
Read more at Bloomberg Bonds News
and fertilizer maker, hired Citigroup Inc. to arrange its first
overseas debt sale as it seeks to tap investor demand for
higher-yielding assets, an e-mail sent to investors shows.
The Lahore-based company plans to sell as much as $260
million of bonds, according to rating companies. The bonds were
today rated B+, four levels below investment grade, by Standard
& Poor's, and one step lower at B2 by Moody's Investors Service.
Read more at Bloomberg Bonds News
No comments:
Post a Comment