Hong Kong’s Wheelock renews $5 billion medium-term note program

By William Gullotti

Buffalo, N.Y., Oct. 20 – Wheelock and Co. Ltd. (A3) renewed its 12-month, $5 billion medium-term note program on Thursday, according to a listing notice with an appended offering circular on Friday.

The updated program added subsidiary Wheelock Finance (No.1) Ltd. as an additional program issuer.

Subsidiaries Wheelock Finance Ltd. and Wheelock MTN (BVI) Ltd. continue to be program issuers, with the parent company serving as guarantor.

HSBC continues to be the arranger and dealer.

Deutsche Bank AG, Hong Kong Branch is the fiscal agent and CMU lodging agent.

Deacons and Ogier are counsel to the issuers and guarantor, with Linklaters advising HSBC.

The multicurrency Regulation S program became effective on Oct. 19 and listed on the Stock Exchange of Hong Kong Ltd. on Oct. 20.

Wheelock is a Hong Kong-based property developer.

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