Jardine Strategic prepares bond debut

The venerable hong has decided to ''brand'' its name on the international bond markets.

Jardine Strategic, the holding company of the entire Jardine group, is believed to have mandated a total of four joint bookrunners to lead a debut $300 million 10-year euro-144a bond. It is said that the two ratings advisors Goldman Sachs and HSBC have been joined by JPMorgan and UBS Warburg.

The presence of none of the banks is much of a surprise. HSBC is the company's longest standing relationship bank, famously standing by it in the early 1980's when a world-recording breaking bid for the Exchange Square property development and a floating rate debt load met a collapsing property market and interest rate volatility head on.

Since that period, the group has had...

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