By Mary-Katherine Stinson
Lexington, Ky., Sept. 9 – Lai Sun MTN Ltd. priced $250 million of additional 5% guaranteed notes due 2026, according to a listing notice on Thursday.
The new notes will be combined with and form a single issue with the previously issued $250 million guaranteed notes due 2026 issued July 29.
The Regulation S notes are being issued under the company’s $2 billion medium-term note program and are guaranteed by Lai Sun Development Co. Ltd.
The joint lead managers are BNP Paribas, DBS Bank Ltd., Haitong International, HSBC, and UBS.
The listing is expected to become effective Sept. 10.
Lai Sun is a Hong-Kong-based real estate company.
| Issuer: | Lai Sun MTN Ltd.
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| 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
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| Lead managers: | BNP Paribas, DBS Bank Ltd., Haitong International, HSBC and UBS
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| Coupon: | 5%
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| Pricing date: | Sept. 1
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| Listing date: | Sept. 10
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| Distribution: | Regulation S
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| Total issue size: | $500 million, including $250 million issued July 29
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