Popular return cements Swire’s safe haven status

safe haven
By Rev Hui
07 Jan 2016

Swire Properties received a good reception for its $500m bond on January 6, capturing an order book that was more than three times bigger thanks to its safe haven status in a volatile market.

It has been a subdued start for the Asian dollar bond market in 2016, due in no small part to China, with poor manufacturing data becoming the catalyst for an equities sell-off on Monday.

The debt market did not escape unscathed, with Asian investment grade bonds widening by ...

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