swire-pacific-raises-500-million-with-10year-bond

Swire Pacific raises $500 million with 10-year bond

Swire Pacific, the Hong Kong conglomerate, launches a $500 million bond deal that is 6.8 times oversubscribed and helps to calm Asia's credit markets.

Swire Pacific has raised $500 million in 10-year bonds, pricing the deal on Wednesday night Hong Kong-time. It was a low-key but successful placement, which followed the release of Swire's results last week, and discussions with investors on Monday and Tuesday.

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