By Aleesia Forni
Virginia Beach, Sept. 15 – Hong Kong’s Swire Pacific MTN Financing priced $500 million 3 7/8% 10-year notes at 99.893 to yield Treasuries plus 172.5 basis points on Monday, a market source said.
HSBC Securities and Morgan Stanley were the bookrunners.
The notes were issued under Swire Properties MTN Financing’s $3 billion medium-term note program.
Swire is a commercial, retail and residential property developer and manager.
| Issuer: | Swire Pacific MTN Financing
|
| Amount: | $500 million
|
| Description: | Notes
|
| Maturity: | Sept. 21, 2025
|
| Bookrunners: | HSBC Securities, Morgan Stanley
|
| Coupon: | 3.875%
|
| Price: | 99.893
|
| Spread: | Treasuries plus 172.5 bps
|
| Trade date: | Sept. 14
|
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