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.
Source : Channel NewsAsia – 9 Mar 2011