Alliance Global issues guidance on bond - source

Reuters

Posted at Aug 12 2010 12:10 PM | Updated as of Aug 12 2010 08:10 PM

HONG KONG - Andrew Tan-led Alliance Global Inc. plans to issue $400 million of 7-year dollar bonds at 6.625% to 6.75%, a source familiar with the deal said on Thursday.

The bond could be sold this week, the source said.

The company, parent of local developer Megaworld Corp., has hired UBS to manage the deal.