COMPS
ASL Marine 4 ¾% 03/28/17 100.00 4.75%
Dyna Mac 4 ¼% 08/01/17 101.375 3.73%
Pacific Radiance 4.3% 08/29/18 99.85 4.34%
Nam Cheong 5.05% 08/26/19 100.30 4.98%
Ezion 4.6% 08/20/18 101.50 4.18%
I find it a joke that you have a bond issue, its price disappears and there is no liquidity for 18 months and then when they need to tap the market again, the secondary price miraculously surfaces.
Nothing much has changed about ASL Marine since March last year when they launched an inaugural bond issue and we cannot really expect them to be regular issuers because they are not expanding as quickly as Swiber and gang who seem to be specialising in ......ASL Marine just issued a new 4 Yrs bond at 5.35%
Issue Size: $50 mil
Order Books: $150 mil
Coupon: 5.35%
COMPS
ASL Marine 4 ¾% 03/28/17 100.00 4.75%
Dyna Mac 4 ¼% 08/01/17 101.375 3.73%
Pacific Radiance 4.3% 08/29/18 99.85 4.34%
Nam Cheong 5.05% 08/26/19 100.30 4.98%
Ezion 4.6% 08/20/18 101.50 4.18%
I find it a joke that you have a bond issue, its price disappears and there is no liquidity for 18 months and then when they need to tap the market again, the secondary price miraculously surfaces.
Nothing much has changed about ASL Marine since March last year when they launched an inaugural bond issue and we cannot really expect them to be regular issuers because they are not expanding as quickly as Swiber and gang who seem to be specialising in ......
COMPS
ASL Marine 4 ¾% 03/28/17 100.00 4.75%
Dyna Mac 4 ¼% 08/01/17 101.375 3.73%
Pacific Radiance 4.3% 08/29/18 99.85 4.34%
Nam Cheong 5.05% 08/26/19 100.30 4.98%
Ezion 4.6% 08/20/18 101.50 4.18%
I find it a joke that you have a bond issue, its price disappears and there is no liquidity for 18 months and then when they need to tap the market again, the secondary price miraculously surfaces.
Nothing much has changed about ASL Marine since March last year when they launched an inaugural bond issue and we cannot really expect them to be regular issuers because they are not expanding as quickly as Swiber and gang who seem to be specialising in ......
