Wharf upsizes bond to $600 million amid roaring demand

Hong Kong property company Wharf Holdings attracts an order book in excess of $4.25 billion, while Cikarang Listrindo is set to test the high-yield market.

Wharf upsizes bond to $600 million amid roaring demand

With investors still holding on to plenty of cash and borrowers willing to pay up, the Asian dollar bond market continues to be active. Hong Kong property company Wharf Holdings last night priced a $600 million five-year bond, which drew roaring demand from investors.

The deal was marketed in the area of Treasuries plus 415bp and priced at Treasuries plus 400bp, 15bp inside of the initial guidance. The deal size was expected to be $300...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES