Hong Kong Land Holdings drew strong support for its debutante Singapore dollar bond on Thursday September 22, pricing an upsized S$700 million $416 million offering. Joint leads and underwriters HSBC and DBS opted to accelerate pricing once the book was oversubscribed in order to avoid any adverse effects on the global bond markets resulting from Hurricane Rita, which is expected to hit the US on Saturday.
The A2 rated deal represents the largest foreign rated issue in Singapore dollars, as well as the largest property issue.
The deal, launched via special purpose vehicle Hong Kong Land Treasury, offers two tranches of five and 10 years....
