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Prospect News home > News index > List of issuers Tenders > Headlines for 2023 > News item
Published on 8/28/2023 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Sun Hung Kai repurchases $37.53 million of 5¾% notes due 2024

By Mary-Katherine Stinson

Lexington, Ky., Aug. 28 – Hong Kong’s Sun Hung Kai & Co. (BVI) Ltd. has repurchased a total of $37,525,000 of its 5¾% notes due 2024 in the open market, according to an announcement.

The repurchases represent 10.72% of the initial principal amount of the notes.

After cancellation, there are $312,475,000, or 89.28%, of the notes outstanding.

The notes are guaranteed by parent company Sun Hung Kai & Co. Ltd.

Sun Hung Kai is a Hong Kong-based financial and securities holding company.


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