banks-eagerly-await-the-mandate-for-link-reit-bond

Banks eagerly await the mandate for Link REIT bond

Hong Kong largest property trust is set to mandate a dual tranche bond offering early this week, but the market must first wait until the Link REIT decides which deal it wants to bring.
Hong KongÆs Link Real Estate Investment Trust Link REIT is expected to mandate a dual currency bond offering worth upwards of $750 million this week, with some speculating that it could come as early as Monday July 10.

However, according to bankers who are involved in the pitching process, Link REIT was still evaluating respective sizing and maturity as of Friday. Although most expect the deal to consist of dollar and Hong Kong dollar notes, the borrower has yet to establish the respective proportions of the individual tranches. Indeed, it is far from certain that it will include a US dollar tranche.

If it does, the market is expecting any dollar tranche to be...
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