By Natasha Brereton-Fukui
SSG Resources Ltd., a special-purpose vehicle created by the
State of Sarawak in Malaysia, is seeking to price Wednesday a
10-year benchmark dollar bond to yield 4.375% to 4.5% over
comparable Treasurys, according to a term sheet detailing final
guidance seen by Dow Jones Newswires.
The planned fixed rate, senior secured bond, which is guaranteed
by SSG Capital Holdings Sdn. Bhd., is provisionally rated A3 by
Moody's Investors Service and A-minus by Standard & Poor's
Ratings Services.
The bond's Reg S status means it doesn't need to be registered
with the Securities & Exchange Commission, but also prevents it
from being sold to U.S. investors.
Goldman Sachs is lead manager and sole bookrunner.
Write to Natasha Brereton-Fukui at
natasha.brereton-fukui@dowjones.com