Henderson Land Development launches new $7 billion note program

By William Gullotti

Buffalo, N.Y., May 10 – Hong Kong’s Henderson Land MTN Ltd. launched a new $7 billion medium-term note program, according to a listing notice with an appended offering circular on Tuesday.

Note offerings under the Regulation S program will be guaranteed by parent company Henderson Land Development Co. Ltd.

HSBC is the arranger for the program and also a dealer alongside Bank of China (Hong Kong), BOC International, BNP Paribas, China Construction Bank (Asia), Citigroup, Credit Agricole CIB, DBS Bank Ltd., Mizuho Securities, Morgan Stanley, MUFG, OCBC Bank, SMBC Nikko and Standard Chartered Bank.

Linklaters is counsel to the issuer and guarantor for England and Hong Kong law with Ogier acting in the same capacity for the British Virgin Islands. Clifford Chance is counsel to the dealers.

Henderson is a Hong Kong-based property development company.

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