Telekom Malaysia makes correct call

Telekom Malaysia has launched Asia''s last major international bond deal of the year, relying on a strong Asian bid to counter telecoms fatigue in Europe and the US.

A $300 million 10 year offering for the Baa2/BBB-rated credit was priced last night in New York (Thursday) and upsized slightly from $250 million to take into account a $500 million order book.

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