Swire and Sun Hung Kai tap market for close to $1 billion

Swire Pacific, Sun Hung Kai Properties and DBS rush to issue as Greek rescue package buoys credit markets.

Swire and Sun Hung Kai tap market for close to $1 billion
The East Hotel is part of Swire’s Island East development

It was another hectic day in Asia’s debt markets yesterday as the news of a second rescue package for Greece helped boost credit markets. While Greece is far from being out of the woods -- and bondholders have agreed to take a larger haircut on the country's debt than expected -- the package helped to shore up confidence among fixed-income investors in Asia.

Taking advantage of this positive sentiment, Swire Pacific, Sun Hung Kai Properties...

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