By Sarah Lizee
Olympia, Wash., Jan. 21 – Sun Hung Kai Properties Ltd. subsidiary Sun Hung Kai Properties (Capital Market) Ltd. sold $500 million of 2 7/8% guaranteed notes, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.
The notes are guaranteed by the parent and were issued under the issuer’s $7 billion program for issuance of debt securities.
HSBC, Bank of China, DBS Bank Ltd., Mizuho Securities and SMBC Nikko Capital are the joint bookrunners and joint lead managers.
Sun Hung Kai is a Hong Kong-based financial and securities holding company.
| Issuer: | Sun Hung Kai Properties (Capital Market) Ltd.
|
| Guarantor: | Sun Hung Kai Properties Ltd.
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| Issue: | Notes
|
| Amount: | $500 million
|
| Bookrunners: | HSBC, Bank of China, DBS Bank Ltd., Mizuho Securities and SMBC Nikko Capital
|
| Coupon: | 2 7/8%
|
| Announcement date: | Jan. 21
|
| Listing date: | Jan. 22
|
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