Hotel Properties raises S$150m from Singapore perp debut

Singapore’s Hotel Properties raised S$150m ($121m) from its debut corporate hybrid bond issue in the local market, becoming the latest company to swell the heavy volumes of hybrid issuance in the domestic market so far this year.

  • 26 Apr 2012
The Singapore-listed hotel company priced a perpetual non-call five year bond at 6.125%, in line with price guidance released on Wednesday. Joint bookrunners DBS Bank and Standard Chartered Bank started with price thoughts of low 6% on the deal on Tuesday and after two days of book building, ...

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All Corporate Bonds

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5 Deutsche Bank 24,940.96 113 4.56%

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4 SG Corporate & Investment Banking 6,134.64 22 6.08%
5 Santander 5,833.12 20 5.78%

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Bookrunners of Dollar Denominated HY Bonds

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4 Goldman Sachs 4,767.07 33 6.81%
5 Credit Suisse 4,456.07 30 6.37%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Barclays 6,765.45 25 5.73%
2 JPMorgan 6,113.92 21 5.18%
3 Deutsche Bank 6,075.14 29 5.15%
4 Citi 5,875.57 20 4.98%
5 SG Corporate & Investment Banking 5,755.14 21 4.88%