Published on 1/8/2014 in the Prospect News Emerging Markets Daily.
New Issue: Hongkong Land sells $400 million 4 5/8% 10-year notes at 175 bps spread
By Christine Van Dusen
Atlanta, Jan. 8 - Hongkong Land Finance (Cayman Islands) priced $400 million 4 5/8% 10-year notes (A2) at 99.328 to yield 4.71%, or Treasuries plus 175 basis points, a market source said.
DBS, HSBC and Standard Chartered Bank were the bookrunners for the deal.
The issuer is a property development group.
| Issuer: | Hongkong Land Finance (Cayman Islands)
|
| Amount: | $400 million
|
| Maturity: | Jan. 16, 2024
|
| Description: | Notes
|
| Bookrunners: | DBS, HSBC, Standard Chartered Bank
|
| Coupon: | 4 5/8%
|
| Price: | 99.328
|
| Yield: | 4.71%
|
| Spread: | Treasuries plus 175 bps
|
| Trade date: | Jan. 8
|
| Settlement date: | Jan. 16
|
| Rating: | Moody's: A2
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
