Content area
Full Text
Singapore water treatment firm Citic Envirotech is seeking a tap of the $175m 5.45% perpetual notes that it originally sold last year, becoming the first issuer in Asia to test the G3 market since Brexit.
The size of the tap on the non call three notes has not yet been disclosed. Initial price guidance on the unrated bond is in the 4.45% area with the company's $175m 5.45% trading at a bid price of 102.469 on Tuesday with a corresponding yield of 4.358%.
Proceeds are to refinance the firm's...