Swire readies new 10-year eurobond

Hong Kong conglomerate mandates HSBC and Morgan Stanley for new $350 million deal.
In a dual currency capital raising venture, Swire has mandated HSBC and Morgan Stanley to lead a proposed 10-year $350 million bond deal, following the completion of a Hong Kong dollar-denominated issue earlier this week

The Reg-S deal is scheduled to kick-off roadshows in Asia and Europe next week

HSBC, acting as sole lead priced a HK$1 8 billion ($232 million) seven-year fixed-rate issue for Swire Pacific MTN Financing The notes, offered from SwireÆs existing $1 5 billion global MTN program, are fully guaranteed by parent Swire Pacific That deal priced at par with a quarterly coupon of 4 93%

Both deals are rated A3/A- by MoodyÆs and Standard and PoorÆs

Price guidance for the new...

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