Vista Land finds tepid response for dollar deal
A recent surge in dollar bond supply tempered enthusiasm among investors for Vista Land & Lifescapes’ $200m outing.
Global co-ordinators DBS and HSBC, with lead manager and bookrunner Credit Suisse, opened orders for the seven non-call four year bond at the 7.375% area on Monday morning.
Orders reached $650m at their peak. Final price guidance was tightened to 7.25%-7.375%.The notes were closed at 7.25% and ...