Henderson Land Development renews $7 billion note program

By William Gullotti

Buffalo, N.Y., June 26 – Hong Kong’s Henderson Land MTN Ltd. relaunched its $7 billion medium-term note program on June 23, according to a listing notice with an appended offering circular on Monday.

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, Standard Chartered Bank, UBS and United Overseas Bank.

Bank of New York Mellon, through various branches, is acting as fiscal agent, paying agent, transfer agent and registrar for program drawdowns.

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.

The program will remain effective for one year and is listed on the Hong Kong Exchange.

Henderson is a Hong Kong-based property development company.

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