Hong Kong’s Socam Development to price dollar-denominated notes

By Colin Hanner

Chicago, April 24 – Socam Development Ltd. plans to sell new dollar-denominated senior notes, the company said Monday.

UBS is the global coordinator, bookrunner and lead manager for the Regulation S deal.

Proceeds from the notes will go toward repaying the company’s bank borrowings, for working capital and for general corporate purposes.

The issuer is a Hong Kong-based firm that principally engages in property development and investment, asset management in the China and construction in Hong Kong and Macau.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.