Henderson Land bond

Investors pile into Henderson Land's $300 million tap

Riding on investors' warm response to Wheelock’s $400 million debut bond, Henderson returns with a $300 million tap.
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Hong Kong's International Finance Centre, jointly developed by Henderson and SHK
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<div style="text-align: left;"> Hong Kong's International Finance Centre, jointly developed by Henderson and SHK </div>

Hong Kong companies continue to rush to the bond markets as banks cut back on lending in the region. The latest addition is Henderson Land, which closed a $300 million tap of its recent $400 million 4.75% notes due 2017 on Wednesday night, nearly doubling the original deal size.

The company took advantage of buoyant investor demand to raise slightly more than the $200 million to $250 million deal size that the leads DBS Bank, HSBC, J.P. Morgan, Morgan Stanley and Standard Chartered had guided investors towards.

Investor demand was robust, with the deal attracting an order book of $2.7 billion from 120 accounts. The bonds...

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