dah-sing-sells-subbond-in-quiet-week-for-debt

Dah Sing sells sub-bond in quiet week for debt

HSBC takes Dah Sing's third sub-debt in two years out to the market and prices it in line with guidance.
Dah Sing Bank priced its new $150 million lower tier-2 subordinated bonds spot on guidance Friday morning May 26 despite volatile market conditions.

Over the past week, three of the four deals expected to come to market were held up as both bond and equity markets continued their weak performance - with investors remaining uncertain about further rate hikes in the US and commodity prices. National Agricultural Cooperative Federation NACF, Megaworld and Matahari all opted to wait for debt markets to settle down before setting terms for pricing.

HSBC was sole lead on the Dah Sing bond and marketed the 10-year non-call five floating rate transaction to investors via a series of one-on-one meetings...
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