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Bulletin: Li & Fung Ltd. Increases Bond Size; No Ratings Impact
Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
HONG KONG (Standard & Poor's) July 12, 2010--Standard & Poor's Ratings Services said today that the rating and outlook on Li & Fung Ltd. (A-/Stable/--) remain unaffected by the company's further issuance of US$350 million senior unsecured notes due 2020. Proceeds from the notes issue will be used primarily for business development and acquisitions. The issue represents an additional offering to Li & Fung's 5.25% US$400 million senior unsecured notes due 2020 to which we assigned our 'A-' issue rating on May 5, 2010....
Companies mentioned in this report are: Li & Fung Ltd.
Action: Bulletin
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