Daiwa

Tuesday, 17 September 2019

Reverse enquiries drive CENEXP’s Australian dollar Reg S deal

Central Nippon Expressway Company (CENEXP)’s first public issuance of Australian dollar denominated bonds was issued off the back of reverse enquiries from investors, deal sources say. After initially announcing an Australian and US dollar mandate, CENEXP elected to print A$350 million (US$240.6 million) of five-year bonds on 11 September in the Reg S market.