By Susanna Moon
Chicago, May 4 - K. Wah International Financial Services Ltd. said it sold $200 million of 5 3/8% notes due 2017 under its $1 billion medium-term note program.
Merrill Lynch International, DBS Bank Ltd. and HSBC were the bookrunners.
The company has applied to list the notes on the Stock Exchange of Hong Kong Ltd. The listing is expected to become effective Monday.
K. Wah said on April 20 that it launched the $1 billion note program, which is guaranteed by parent company K. Wah International Holdings Ltd.
The company may issue notes under the program within 12 months after April 20.
The parent company is a Hong Kong investment holding company that owns subsidiaries in property development and investment and construction materials.
| Issuer: | K. Wah International Financial Services Ltd.
|
| Guarantor: | K. Wah International Holdings Ltd.
|
| Issue: | Medium-term notes
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| Amount: | $200 million
|
| Maturity: | 2017
|
| Coupon: | 5 3/8%
|
| Pricing date: | April 26
|
| Bookrunners: | Merrill Lynch International, DBS Bank Ltd. and HSBC
|
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