New bond issue: MMI International sells USD 300m in 2017 bonds with 8.0% coupon
MMI International (Singapore) on February 17, 2012 placed USD 300m in bonds with a 8.0% coupon, maturing in 2017. The bond was priced at 100%. JP Morgan, UBS, Credit Suisse arranged the deal.
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Issuer, issue number: MMI International, 2017
Type of debt instrument: Eurobonds
Issue status: outstanding
Type of placement: public
Par, currency of issue: USD, 200000
Amount: 300 000 000
ISIN: USY60509AA78
End of placement: Feb 17 2012
Issue price: 100
Yield at Pricing: 8%
Coupon: 8.0%
Coupon frequency: 2 time(s) per year
Settlement Date: Feb 27 2012
Maturity date: Mar 01 2017
Issue Managers: JP Morgan, UBS, Credit Suisse
Issuer profile:
MMI provides engineering, manufacturing and assembly expertise for performance-critical Electro-Mechanical Components and Assemblies for multi industries covering aerospace, data storage, oil & gas, and other industrial equipment sectors. Our facilities are strategically located with multiple sites in Singapore, Malaysia, Thailand, China and USA.
Listed on the Main Board of the Singapore Exchange from 1997 to 2007, MMI achieved 22% CAGR for revenue over the decade with US$550 million revenue in 2007. On July 2007, MMI became part of the KKR (Kohlberg Kravis Roberts & Co.) portfolio of companies following a US$700 million private equity buy-out.
Outstanding issues:
1 issue(s) outstanding worth USD 300 000 000