NWD offers attractive terms for $950m bond deal
Blue chip Hong Kong issuer New World Development Co has priced a 10 year bond worth $950m, after the leads decided to start bookbuilding at a generous level to build momentum.
Global co-ordinators Citi, HSBC, Mizuho and UBS announced initial price guidance at the 250bp over US Treasuries area for a 10 year bond on Thursday morning Asia time.
Both bankers on and away from the deal said the initial guidance was pretty generous.“NWD had an ...
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