By William Gullotti
Buffalo, N.Y., Jan. 18 – HKT Capital No. 6 Ltd., a subsidiary of Hong Kong Telecommunications (HKT) Ltd., priced $650 million of 3% notes due 2032 (Baa2/BBB/), according to a listing notice on Tuesday.
The notes will be guaranteed by HKT and its parent, HKT Group Holdings Ltd.
According to Moody’s Investors Service, proceeds will be used for general corporate purposes, including refinancing debt.
Listing of the notes is expected on the Singapore Exchange, effective Jan. 19.
The issuer is incorporated in the British Virgin Islands. HKT is one of the largest telecommunications companies in Hong Kong.
| Issuer: | HKT Capital No. 6 Ltd.
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| Guarantors: | Hong Kong Telecommunications (HKT) Ltd. and HTK Group Holdings Ltd.
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| Issue: | Notes
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| Amount: | $650 million
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| Maturity: | Jan. 18, 2032
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| Coupon: | 3%
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| Issue date: | Jan. 18
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| Listing date: | Jan. 19
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| Ratings: | Moody’s: Baa2
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| S&P: BBB
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| ISIN: | XS2414130711
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