Deals of the year – Top quality issuers succeed in demanding markets
China Telecom’s debut on the Eurobond market is one of those deals every debt market originator and every treasurer would like to have on his CV. Increased to $600 million from the originally planned $500 million, the five-year issue launched on October 28 could have raised an amount four times its original size and easily have become the largest Asian transaction of 1999, having built a book up to $2 billion.
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