May 1, 2018 |
Consolidated Energy Ltd. has opened up to the bonds and loans market this week, starting investor meetings for a potential $525m cross-border note and launching price talk on a two-part debt package.
The methanol and ammonia company known as CEL, picked JPMorgan and Morgan Stanley as global coordinators on the bond portion of the deal, according to DCM sources. Credit Agricole, Scotiabank and SMBC were named co-managers.
Proceeds from a bond sale will fund a tender offer for the $499m CEL has in
Barbados-headquartered methanol producer shops for multi-faceted debt package, picks banks for investor meetings