Hong Leong shrugs off competition with tight $300m bond
Malaysia’s Hong Leong Bank priced a $300m five year deal inside its outstanding curve late last week, despite competing with two other issuers in the international bond market.
Hong Leong’s April 2017 bond was priced at 238bp over Treasuries, the tight end of price guidance and 5bp tighter on a G-spread basis than the bank’s outstanding $300m 3.75% March 2016 notes, said a banker close to the transaction.
“It was a small deal, so it was easily
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