Shangri-La upsizes debut bond to $600 million

And Zoomlion prints a $400 million maiden deal.
<div style="text-align: left;">
The Shangri-La hotel in Huhhot, Inner Mongolia</div>
<div style="text-align: left;"> The Shangri-La hotel in Huhhot, Inner Mongolia</div>

Hong Kong-based hotel operator Shangri-La Asia last night priced its $600 million five-year debut bond amid a warm welcome from the market. The deal was unrated but that did not deter investors; the total order book exceeded $7 billion from more than 200 accounts. This enabled the deal to be upsized to $600 million from an expected $500 million.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media