Swire succesfully re-taps its 10-year bond
HSBC and Morgan Stanley price a new upsized tap of Swire's March 2016 MTN inside of initial guidance.
Swire Pacific, owner of Cathay Pacific, has completed an upsized re-tap of its A3A- rated $360 million 10-year offering. The deal is issued via Swire Pacific MTN Financing and is guaranteed by Swire Pacific. Both the previous deal and the re-tap were led by HSBC and Morgan Stanley.
The tap of the 10-year transaction is a $240 million offering that prices off a 5.625% coupon but is priced at 100.479% with a re-offer yield of 5.558% or a spread...
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