Nan Fung gets debut bond away before European downgrades

Nan Fung raises $350 million in Asia's bond market, while NWS Holdings and Lifestyle International line up deals of their own.

Hong Kong luxury property developer Nan Fung International Holdings pushed ahead with a $350 million debut bond late Friday, coming at the tail end of a busy week, which included bond deals from Hutchison Whampoa, Indonesia and Korea Gas Corp.

The leads went out with initial guidance in the area of Treasuries plus 475bp on Friday morning. This was revised to Treasuries plus 460bp to 470bp and the bonds priced at the tight end. Nan...

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