AsiaÆs first high-yield bond since August prices

Hang Fung Gold sells $170 million worth of bonds, garnering $270 million in demand.


Hang Fung Gold, the Hong Kong jewellery manufacturer and retailer, late last night priced the first high-yield public deal in Asia since Mobile 8's $100 million offering in August by Lehman Brothers excluding an $88 million Davomas tap by the bank in early September, as Kexim also succeeded in pricing the second investment-grade deal in the wake of the subprime crisis. Secondary market performance will be closely watched to gauge the outlook for other...

To continue reading, please login or register for free

Click for more on: hang fung | hsbc

Print Edition

FinanceAsia Print Edition

CONFERENCES