New Issue Commentary — Prudential Funding (Asia) Plc
Dealer commentary on this issuer’s latest new issue, summarised.
A new CNHdenominated 10year Tier 2 note offering for Prudential Funding (Asia) plc was successfully launched. The deal attracted strong market interest, with the order book exceeding CNH 3 billion following initial price guidance in the 3.200% area.
| Tranche | Tenor | Coupon | Ccy | Size | Rank | Maturity |
|---|---|---|---|---|---|---|
| Prudential CNH 10-Year Reg S Tier 2 Subordinated Notes | 10-Year | [●]% | CNH | Benchmark | Tier 2 Subordinated | 2036-10-23 |