Jardine Strategic sets record for debut 144a bond

The conglomerate has managed to secure the lowest outstanding coupon in the Hong Kong credit universe.
November 04, 2001

Priced Friday lunchtime (GMT), the Baa1/BBB+ rated credit launched a maiden $300 million ten year bond offering at 99.099% with a coupon of 6.375% and yield of 6.499%, equating to 225bp over Treasuries.

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