Swire re-opens bond deal to raise another $100 million
Swire Pacific responds to a handful of reverse enquiries from Asian accounts and re-opens its bond, bringing the total size of deal to $500 million.
Swire Pacific, one of Hong KongÆs leading listed companies, has sold another $100 million worth of bonds, re-opening last weekÆs $400 million transaction as a result of reverse enquiries from a ôhandfulö of Asian accounts. The total size of the deal is now $500 million.
The deal was the first transaction from a non-government linked company this year.
The new bonds priced at 260bp over 10-year Treasuries, versus 293.6bp in the initial deal. The bonds were trading on Monday at...
To continue reading, please login or register for free