MIN US bond issue at 9.25%, can I get some?
How do I get an allocation of this new corp bond issue and what are your thoughts on it. I know it’s unsecured but MIN is a solid coy with great management
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Answer
Hi Marvin,
Demand was strong for the initial $US850mn offering which resulted with MIN increasing the offer to $US1.1bn. Many out their had the same view as yours Marvin!
- Unfortunately unless you have a substantial account with JP Morgan’s debt capital bankers in the US, along with associated US based custody arrangements, I don’t believe you will be able to purchase any.
