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Malaysian International Shipping to roadshow $1 billion two-tranche offering starting Wednesday
By Reshmi Basu and Paul A. Harris
New York, June 14 - Malaysian International Shipping Corp. Bhd plans to roadshow a $1 billion offering of five- to 10-year bonds in two tranches starting Wednesday in Singapore, according to market sources.
The roadshow will move to Hong Kong on Thursday and then London on Friday. The U.S. roadshows will begin on June 21.
Barclays Capital and Citigroup are running the books.
Proceeds will be used to refinance an $800 million bridge loan maturing in June.
MISC is a Kuala Lumpur, Malaysia based international shipping line, 62.44% owned by Petronas.
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