By William Gullotti
Buffalo, N.Y., July 15 – Hongkong Land Finance (Cayman Islands) Co. Ltd. priced $500 million of 2¼% notes (A) due July 15, 2031, according to a listing notice on Tuesday.
The notes are issued under the company’s upsized $7 billion global medium-term note program and guaranteed by Hongkong Land Co. Ltd.
HSBC Ltd., Bank of China (Hong Kong) Ltd. and DBS Bank Ltd. are the joint lead managers and joint bookrunners.
According to S&P Global Ratings, the company plans to use the proceeds to fund eligible projects in accordance with its green financing framework.
The listing is expected to become effective July 16.
The issuer is a property development group.
| Issuer: | Hongkong Land Finance (Cayman Islands) Co. Ltd.
|
| Guarantor: | Hongkong Land Co. Ltd.
|
| Issue: | Notes
|
| Amount: | $500 million
|
| Maturity: | July 15, 2031
|
| Bookrunners: | HSBC Ltd., Bank of China (Hong Kong) Ltd. and DBS Bank Ltd.
|
| Coupon: | 2¼%
|
| Pricing date: | July 15
|
| Listing date: | July 16
|
| Ratings: | S&P: A
|
© 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.
