November 6, 2019 |
Methanol Holding (Trinidad) Limited (MHTL) said it has issued its first bonds in the local market, raising TTD1 billion ($148 million) from the sale of three-year notes.
The arrangers Ansa Merchant Bank, Scotiabank and Republic Bank priced the debut deal at 5.5% for the first 18 months, MHTL said in a press release.
According to a source on the deal, the order book was about 1.2 times oversubscribed, which led the arrangers to price the deal in line with the initial price talk. The private place
Trinidadian methanol producer makes its bond market debut with $148 mln in three-year notes