li--fung-announces-debut-dollar-bond

Li & Fung announces debut dollar bond

The number of requests for one-on-one meetings from investors requires the deal arrangers to dispatch two roadshow teams.
Hong Kong trading company Li Fung has announced a 10-year dollar benchmark deal that could raise between $400 million and $500 million. The roadshow for the transaction began yesterday in Singapore and continues today and tomorrow in Hong Kong and London.

This will be the companyÆs first dollar bond, rated A-A3 and managed by Citi and HSBC. The proceeds will be used primarily for refinancing existing debt, business development and acquisitions.

The transaction has attracted high levels of interest, indicating an early appetite for the deal. The number of one-on-one meeting requests from investors has required two roadshow teams. Although bookrunners have not specified how big the transaction will be, other than saying...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222