Lai Sun launches $2 billion medium-term note program

By William Gullotti

Buffalo, N.Y., June 25 – Lai Sun MTN Ltd. is listing a $2 billion medium-term note program, according to an offering circular.

Notes issued under the program are guaranteed by Lai Sun Development Co. Ltd.

DBS Bank Ltd. is the arranger and dealer of the program.

The offering circular, dated June 25, is for one year and is expected to become active June 28.

Lai Sun MTN Ltd. was incorporated May 12 and is based in Hong Kong.

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