Nan Fung hits price and size goals

Nan Fung International Holdings managed to get the best of both worlds on Monday, finding the ideal price for its bond while also bagging a size within its target.

  • By Morgan Davis
  • 26 Sep 2017

When the Hong Kong developer hit the market on Monday, it was looking for a minimum of $300m or a maximum of $500m, and was putting more emphasis on a price without any new issue premium, said a Hong Kong banker on the trade.

“Generally, investor sensitively ...

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