09 Mar '11, 11am

Property developer Yanlord hires HSBC, JP Morgan, RBS for bond offer

SINGAPORE : Property developer Yanlord Land has appointed HSBC, JP Morgan and RBS as joint lead managers and bookrunners for its proposed US dollar bond offering. In a statement to the SGX on Wednesday, Yanlord said the issue was expected to be rated "Ba2" by ratings agency Moody's and "BB" by Standard & Poor's. The Singapore-listed company said the bonds would be guaranteed by certain subsidiaries of the issuer. The transaction is expected to be launched, subject to market conditions, following a global roadshow commencing on 10th March.

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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