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Hong Kong's HKI Finance talks $100 million five-year bullets at 10¼%-10¾%
By Reshmi Basu
New York, Nov. 29 - Hong Kong's HKI Finance Co. Ltd. set price guidance for a $100 million offering of five-year bullet bonds (B2/B+) at 10¼% to 10¾%, according to a market source.
Proceeds from the private placement of senior unsecured bonds will be used for new land acquisitions and for general corporate purposes.
Credit Suisse is managing the Regulation S transaction.
HKI Properties Ltd. and its non-People's Republic of China subsidiaries will guarantee the issue.
HKI Properties is a Hong Kong-incorporated private company and a mixed-use property developer in the People's Republic of China.
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