Li & Fung announces debut dollar bond

The number of requests for one-on-one meetings from investors requires the deal arrangers to dispatch two roadshow teams.

Hong Kong trading company Li Fung has announced a 10-year dollar benchmark deal that could raise between $400 million and $500 million. The roadshow for the transaction began yesterday in Singapore and continues today and tomorrow in Hong Kong and London.

This will be the companyƆs first dollar bond, rated A-A3 and managed by Citi and HSBC. The proceeds will be used primarily for refinancing existing debt, business development and acquisitions.

The transaction has attracted high levels of...

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