By Christine Van Dusen
Atlanta, Feb. 6 - China's Nan Fung International Holdings priced a $250 million add-on to its 5¼% notes due Jan. 20, 2017 (Baa3/BBB-/BBB) at 100.38 to yield 5.161%, or Treasuries plus 440 basis points, a market source said.
HSBC, JPMorgan and Goldman Sachs were the bookrunners for the Regulation S deal.
The original issue totaled $350 million and priced on Jan. 16 at 99.376 to yield Treasuries plus 460 bps.
Nan Fung is a property developer based in Hong Kong.
| Issuer: | Nan Fung International Holdings
|
| Amount: | $250 million
|
| Maturity: | Jan. 20, 2017
|
| Description: | Senior notes
|
| Bookrunners: | HSBC, JPMorgan, Goldman Sachs
|
| Coupon: | 5¼%
|
| Price: | 100.38
|
| Yield: | 5.161%
|
| Spread: | Treasuries plus 440 bps
|
| Trade date: | Feb. 6
|
| Settlement date: | Feb. 13
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB-
|
| Fitch: BBB
|
| Distribution: | Regulation S
|
| Original issue: | $350 million priced Jan. 16 at 99.376 to yield 460 bps over Treasuries
|
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