By Christine Van Dusen
Atlanta, Oct. 2 - China's Swire Pacific Ltd. priced $700 million 4½% 10-year notes at 99.403 to yield Treasuries plus 195 basis points, a syndicate source said.
The notes came at the tight end of talk, set at Treasuries plus 195 bps to 200 bps.
HSBC and JPMorgan were the bookrunners for the Regulation S deal.
As of Wednesday morning the books were $3.5 billion.
Swire Pacific is a Hong Kong-based conglomerate.
| Issuer: | Swire Pacific Ltd.
|
| Amount: | $700 million
|
| Maturity: | Oct. 9, 2023
|
| Description: | Notes
|
| Bookrunners: | HSBC, JPMorgan
|
| Coupon: | 4½%
|
| Price: | 99.403
|
| Spread: | Treasuries plus 195 bps
|
| Trade date: | Oct. 2
|
| Settlement date: | Oct. 9
|
| Distribution: | Regulation S
|
| Price talk: | Treasuries plus 195 bps to 200 bps
|
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