By William Gullotti
Buffalo, N.Y., July 28 – Lai Sun MTN Ltd. priced $250 million of 5% guaranteed notes due 2026, according to a listing notice on Wednesday.
The Regulation S notes will be issued under the company’s $2 billion medium-term note program and guaranteed by Lai Sun Development Co. Ltd.
BNP Paribas, DBS Bank Ltd., HSBC and UBS are the joint lead managers for the offering.
The listing is expected to become effective July 29.
Lai Sun is a Hong-Kong-based real estate company.
| Issuer: | Lai Sun MTN Ltd.
|
| Guarantor: | Lai Sun Development Co. Ltd.
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| Issue: | Guaranteed notes
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| Amount: | $250 million
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| Maturity: | 2026
|
| Lead managers: | BNP Paribas, DBS Bank Ltd., HSBC and UBS
|
| Coupon: | 5%
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| Pricing date: | July 21
|
| Listing date: | July 29
|
| Distribution: | Regulation S
|
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