Hysan sets new benchmark for corporate Hong Kong

Property investor Hysan Development offers up a few additional basis points to diversify its investor base.

Priced by lead managers Merrill Lynch and Morgan Stanley on Friday, a debut $200 million bond offering by Hysan Development has been successfully positioned within Hong Kong's growing credit universe.

It was all about price in the end, says one banker. The key comparison was with Hongkong Land and the premium that Hysan would need to pay for running a property portfolio in a different neighbourhood.

The difference between a property portfolio in Causeway Bay with an occupancy rate in...

To continue reading, please login or register for free

Click for more on: hysan | sets | benchmark | corporate | hong | kong

Print Edition

FinanceAsia Print Edition