By Aaron Hochman-Zimmerman
New York, Oct. 29 - Wharf Financial Holdings Ltd. priced $400 million 10-year notes (/BBB-/A-) at 99.882 with a coupon of 6 1/8% to yield 6.141% at a spread of mid-swaps plus 110 basis points, according to a market source.
HSBC and UBS were bookrunners for the Regulation S only deal.
The deal had been talked at mid-swaps plus 110 bps to 115 bps.
Wharf Finance is a property and infrastructure investment firm based in Hong Kong.
| Issuer: | Wharf Financial Holdings Ltd.
|
| Amount: | $400 million
|
| Issue: | 10-year notes
|
| Maturity: | Nov. 6, 2017
|
| Coupon: | 6 1/8%
|
| Price: | 99.882
|
| Yield: | 6.141%
|
| Spread: | Mid-swaps plus 110 bps
|
| Bookrunners: | HSBC, UBS
|
| Pricing date: | Oct. 29
|
| Settlement date: | Nov. 6
|
| Ratings: | Standard & Poor's: BBB-
|
| Fitch: A-
|
| Price talk: | Mid-swaps plus 110 bps to 115 bps
|
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