goldman-hired-to-sell-first-ever-kerry-offshore-bond-deal

Goldman hired to sell first ever Kerry offshore bond deal

Hong Kong's Kerry Properties hopes to tap into Asia's investment grade risk appetite with new 10 year benchmark deal.
Goldman Sachs has been mandated to sell a benchmark sized deal for Hong KongÆs Kerry Properties. The deal will be issued via the wholly owned subsidiary Gain Silver Finance.

This will mark the very first time Kerry has tapped the offshore debt capital market. The deal will carry a Reg-S only senior unsecured structure, with a 10 year maturity.

As such, Standard PoorÆs is the only rating agency to give the new deal a rating, having assigned the proposed deal a BBB- evaluation.

The deal was launched yesterday August 15 with very limited investor meetings in Hong Kong.

Officially, roadshows kick-off in Singapore today August 16, before moving back to Hong Kong on...
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