Shangri-La upsizes debut bond to $600 million

And Zoomlion prints a $400 million maiden deal.

Shangri-La upsizes debut bond to $600 million
The Shangri-La hotel in Huhhot, Inner Mongolia

Hong Kong-based hotel operator Shangri-La Asia last night priced its $600 million five-year debut bond amid a warm welcome from the market. The deal was unrated but that did not deter investors the total order book exceeded $7 billion from more than 200 accounts. This enabled the deal to be upsized to $600 million from an expected $500 million.

The bonds priced at Treasuries plus 375bp, which was at the tight end of the final...

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