Jardine Strategic sets record for debut 144a bond

The conglomerate has managed to secure the lowest outstanding coupon in the Hong Kong credit universe.

Priced Friday lunchtime (GMT), the Baa1/BBB+ rated credit launched a maiden $300 million ten year bond offering at 99.099% with a coupon of 6.375% and yield of 6.499%, equating to 225bp over Treasuries.

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