Wing Hang prices at the tight end, gets $225m
Hong Kong's Wing Hang Bank launched Asia's first dollar bond in what promises to be a busy September on Wednesday, pricing a $225m upper tier two bond at the tight end of guidance to yield of 9.375%. Read EuroWeek on Friday to find out why Wing Hang opted for a perpetual structure, callable after five years, instead of the 10 non-call five it had initially been discussing, and more analysis of what to expect later in the month.
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