Wing Lung eyes rare dollar bond to bolster capital base

25 Oct 2012

Wing Lung Bank wants to become the first Hong Kong lender to tap the dollar bond market this year, making a rare foray into subordinated debt. But bankers do not expect much more from the sector before the end of the year, and think the issuer will aim only for a modest size.

The bank has never sold a dollar bond worth more than $100m, according to Dealogic. It is now eyeing bond investors for its next deal, and while it is likely to go beyond that figure, the bank is likely to sell a deal below the usual $500m benchmark ...

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