Ocean Grand embarks on high-yield odyssey

ABN AMRO takes debutante Chinese aluminium products maker to the high-yield market.
December 01, 2005

Sole underwriter ABN AMRO has a priced a debut $125 million five-year high-yield bond deal for Hong Kong-listed Ocean Grand Holdings. From the beginning, the BB- (S&P) deal was considered a difficult sell given the recent volatility in the high-yield market and a spate of pulled deals.

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