MMI relies on US investors for $300m high-yield bond
KKR-owned MMI International successfully issued its $300 million high-yield bond, principally attracting interest from US investors due to their familiarity with the sector and the company’s customer base. The five-year non-call bond was priced at a yield of 8%, the bottom end of its indicative range.
It attracted a $1.3 billion order book from more than 80 accounts, FinanceAsia reported, and bankers hailed the deal as a sign that the high-yield market has bounced back. Credit Suisse, J.P. Morgan and...
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