Published on 6/27/2017 in the Prospect News Emerging Markets Daily.
New Issue: Swire Pacific sells $300 million 3% notes due 2024 at 105 bps over Treasuries
By Rebecca Melvin
New York, June 27 – Hong Kong’s Swire Pacific MTN Financing priced $300 million of 3% seven-year notes on Tuesday at 99.656 to yield 3.055%, a spread of 105 basis points over seven-year Treasuries, according to a syndicate source.
HSBC Securities and Morgan Stanley were bookrunners for the Regulation S deal.
Swire is a commercial, retail and residential property developer and manager.
| Issuer: | Swire Pacific MTN Financing
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| Amount: | $300 million
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| Description: | Notes
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| Maturity: | July 5, 2024
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| Bookrunners: | HSBC Securities, Morgan Stanley
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| Coupon: | 3%
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| Price: | 99.656
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| Yield: | 3.055%
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| Spread: | 105 bps over seven-year Treasuries
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| Trade date: | June 27
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| Settlement: | July 5
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| Distribution: | Regulation S
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