Henderson Land's debut dollar bond raises $500 million

The Hong Kong property developer prices benchmark first-time deal in 12 hours to capitalise on market optimism.

Hong Kong's Henderson Land Development took advantage of upbeat credit markets yesterday to raise $500 million from a debut bond offer. The unrated property developer and its bankers, J.P. Morgan and HSBC, moved swiftly during the day to sell the 10-year deal and by 9pm Hong Kong time priced with a spread of 210bp over US Treasuries.

The issue came on the heels of Hutchison Whampoa's well-received $3 billion deal a day earlier, although Henderson priced comfortably inside the...

To continue reading, please login or register for free

Click for more on: jp morgan | hsbc | henderson land | bond | property

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...