Investors pile into Lifestyle’s $150 million tap

Hong Kong retailer Lifestyle International strikes with its tap ahead of a crucial Greek debt swap deadline and succeeds in re-pricing its secondary bonds.

Investors pile into Lifestyle’s $150 million tap
Lifestyle International owns two Sogo stores in Hong Kong

Hong Kong-based retail store operator Lifestyle International on Thursday priced a $150 million tap of its outstanding January 26, 2017 bonds, printing a deal ahead of a crucial Greek debt swap deadline last night, with little competing supply in the Asian dollar bond market.

The tap brought the total issue size up to $500 million and succeeded in re-pricing its secondary bonds. The leads Bank of America Merrill Lynch and J.P. Morgan announced the tap...

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