GLP markets US dollar 10-year bonds
[SINGAPORE] Global Logistic Properties has released price guidance for a yield in the area of 210bp over Treasuries for an offering of Reg S-only US dollar 10-year bonds.
Citigroup and Deutsche Bank are joint global co-ordinators on the offering, as well as joint bookrunners with DBS. The notes are expected to be rated in line with the issuer at rated Baa2/BBB+ (Moody's/Fitch).
GLP provides logistics facilities in China, Japan, Brazil and the US. Sovereign wealth fund GIC Private Ltd owns a 35.75 per cent stake in the Singapore-listed company.
IFR Market News
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s SenseTime soars 36% after unveiling beefier AI model
PBOC steps up rhetoric against long-end government bond rally
Texas Instruments gives solid forecast in sign of comeback
Cordlife customers push for legal action
China’s Noah to hire 50 to 100 wealth managers in Hong Kong, Singapore
Australian inflation boosts case for higher-for-longer rates