PCGI finds modest demand for dollar bond

Hong Kong island adobe stock 230x150
By Morgan Davis
20 Nov 2019

Hong Kong’s PCGI Intermediate Holdings, a subsidiary of FWD, raised $250m from the bond market on Tuesday. While the company hit its size target, orders were limited and the price guidance was unchanged throughout the day.

PCGI’s five year notes were marketed at the 5.5% area on Tuesday morning local time. They were closed at the same level and sold at par later that day.

The five year bond was run by global co-ordinators Credit Suisse, Guotai Junan International, HSBC, JP Morgan, ...

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