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Swire Pacific tightens guidance on $500 mln bond

Wed Aug 12, 2009 6:16am EDT

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LONDON, Aug 12 (Reuters) - Swire Pacific (0019.HK) has tightened guidance on a planned 10-year 500 million dollar bond to 190 basis points over treasuries, IFR reported on Wednesday.

Initial price guidance had been indicated at 190 to 200 basis points over U.S. treasuries, said IFR, a Thomson Reuters online news and market analysis service. Swire, a general trading house with interests in aviation, property, shipping and offshore services industries, trading and insurance, is rated A- by Standard & Poor's and A3 by Moody's Investors Service. HSBC and JP Morgan are bookrunners for the deal which is expected to price later on Wednesday, IFR added.

(Reporting by Jonathan Cable)



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