The Company engaged around 50 investors during an extensive deal roadshow across Singapore, Hong Kong and London. Backed by the strong investor feedback, the transaction was launched with an initial price guidance of 6.000% area. Following a strong book build supported by high quality real money investors, the Company was able to tighten pricing by 30bps to 5.70%.
The final order book was in excess of USD 1 bn with oversubscription of >2.5x. The transaction witnessed 67% participation from Asia and 33% from EMEA with 81% investment from asset managers, 13% from banks and 6% from private banks and others.
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