CAPITAL MARKETS

Incitec taps Asian finance

Major mine explosives and chemicals supplier Incitec Pivot (ASX:IPL) has followed mining contractor Barminco in tapping Asian investors via the US bond market. The company this week said a US$400 million issue of fixed-rate notes was eight-times over-subscribed, with 95% of the debt raised from investors in Hong Kong and Singapore.

Incitec taps Asian finance

Market commentators said a notable feature of the raising was that IPL tapped the Regulation S bond market, which gives companies access to US-dollar debt outside traditional bond markets, with less compliance. ...

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