Published on 1/15/2014 in the Prospect News Emerging Markets Daily.
New Issue: China's Wharf Holdings prices $400 million 3/12% notes due 2019 at 195 bps spread
By Christine Van Dusen
Atlanta, Jan. 15 - China's Wharf (Holdings) Ltd. priced $400 million 3½% notes due 2019 (expected rating: //A-) at 99.419 to yield 3.628%, or Treasuries plus 195 basis points, a market source said.
BNP Paribas, DBS Bank, HSBC and Standard Chartered Bank were the bookrunners for the Regulation S deal.
Wharf is a Hong Kong-based conglomerate with businesses in property investment and development, communications, media and entertainment.
| Issuer: | Wharf (Holdings) Ltd.
|
| Amount: | $400 million
|
| Maturity: | Jan. 23, 2019
|
| Description: | Senior notes
|
| Bookrunners: | BNP Paribas, DBS Bank, HSBC, Standard Chartered Bank
|
| Coupon: | 3½%
|
| Price: | 99.419
|
| Yield: | 3.628%
|
| Spread: | Treasuries plus 195 bps
|
| Trade date: | Jan. 15
|
| Settlement date: | Jan. 23
|
| Expected rating: | Fitch: A-
|
| Distribution: | Regulation S
|
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