WTT: PE sponsors dial in bond markets to refinance debt

A high yield bond for WTT demonstrates how private equity sponsors are increasingly turning to the bond markets to optimise an acquisition's capital structure.

The private equity industry’s growing presence within Asia’s bond markets was underlined once again this week following the pricing of a $670 million high yield bond issue for WTT Hong Kong, the Territory’s second largest fixed line operator, owned by MBK Partners and TPG Capital.

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