Wheelock attracts funds with $500 million five-year bond

The unrated property-focused holding company hits sweet spot with five-year tenor.

Wheelock attracts funds with $500 million five-year bond
The Times Square shopping mall in Hong Kong (AFP)

Hong Kong stock exchange-listed Wheelock Co last night priced its $500 million five-year bond, attracting strong interest from fund managers.

Wheelock Co is unrated but is perceived to be an investment-grade name. It was foundedĀ  in Shanghai in 1857 and is headquartered in Hong Kong.

Wheelock holds a 51% stake in Hong Kong-listed Wharf Holdings, a major Hong Kong landlord whose assets include prime retail real estate landmarks Times Square and Harbour City. Wharf is rated, but its...

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