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San Miguel $300m Bond Widens In Secondaries

San Miguel Energy Corp raised $300m in the international bond market at the end of last week, overcoming a lack of good comparables to sell a bond that fell in secondary trading on Monday.

San Miguel Energy Corp raised $300m in the international bond market at the end of last week, overcoming a lack of good comparables to sell a bond that fell in secondary trading on Monday.

Bookrunners ANZ Bank, HSBC and Standard Chartered Bank approached investors in the five year bond with price whispers of the low 7% area last week. They then announced final price guidance of between 7% and 7.25%, before pricing a $300m...

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