By Aaron Hochman-Zimmerman
New York, Aug. 13 - Swire Pacific Ltd. priced a $500 million offering of 10-year senior unsecured notes (A3) at a spread of Treasuries plus 190 basis points on Wednesday, according to a market source.
The bonds priced at 99.529 with a coupon of 5½% to yield 5.56%
HSBC Securities and JPMorgan acted as bookrunners for the Regulation S-only deal.
The bonds were priced from a $3 billion program through the vehicle Swire Pacific MTN Financing Ltd.
Proceeds will be used for general corporate purposes.
Swire Pacific is a Hong Kong-based conglomerate.
| Issuer: | Swire Pacific Ltd., via Swire Pacific MTN Financing Ltd.
|
| Issue: | Senior unsecured notes
|
| Amount: | $500 million
|
| Maturity: | 2019
|
| Bookrunners: | HSBC Securities, JPMorgan
|
| Coupon: | 5½%
|
| Price: | 99.529
|
| Yield: | 5.56%
|
| Spread: | Treasuries plus 190 bps
|
| Distribution: | Regulation S
|
| Pricing date: | Aug. 12
|
| Rating: | Moody's: A3
|
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