pricing-terms-swire-pacific-400-million-bond

Pricing terms: Swire Pacific $400 million bond

Following a non-deal roadshow last week, Swire Pacific launched and priced a $400 million bond yesterday.

 

Issuer: Swire Pacific MTN Financing Limited
Rating of the bond: A3 (positive), A- (stable), A (stable) Moody's, Standard and Poor's/ Fitch
Size: $400 million
Tenor: Ten years
Yield: 6.375%
Price: 99.101
Spread: 230bp over mid-swaps, 293.6bp over 10-year Treasuries
Coupon: 6.25% semi-annual (30/360)
Docs: Reg-S
Settlement date: April 18, 2008
Maturity date: April 18, 2018
Investor-type split: Fund Managers:
33%
Private banks:
25%
Insurance Companies:
24%
Banks:
12%
Retail / Other:
6%
Geographic split: Europe / US offshore:
20%
Singapore:
31%
Hong Kong:
46%
Other:
3%
 
Number of investors: 80
Final book: $1 billion
Bookrunners: HSBC, JPMorgan

 

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