Chicago, July 17 – Hongkong Land Finance (Cayman Islands) Co. Ltd. sold $400 million of 5¼% notes due July 14, 2033 (A2/A), according to a pricing supplement.
The notes priced at 99.769.
There is a call option on April 14, 2033.
HSBC Ltd. was the global coordinator and a joint lead manager.
Bank of China (Hong Kong) Ltd. and DBS Bank Ltd. were also joint lead managers for the Regulation S offering.
The notes are guaranteed by Hongkong Land Co., Ltd.
When rating the notes, Moody’s Investors Service said that the company plans to use the proceeds for general corporate purposes.
Listing is in Singapore.
The issuer is a property development group.
| Issuer: | Hongkong Land Finance (Cayman Islands) Co. Ltd.
|
| Guarantor: | Hongkong Land Co., Ltd.
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| Amount: | $400 million
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| Issue: | Notes
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| Maturity: | July 14, 2033
|
| Bookrunners: | HSBC Ltd. (global coordinator), Bank of China (Hong Kong) Ltd. and DBS Bank Ltd.
|
| Coupon: | 5¼%
|
| Price: | 99.769
|
| Call features: | April 14, 2033
|
| Puts: | No
|
| Trade date: | July 10
|
| Settlement date: | July 14
|
| Ratings: | Moody’s: A2
|
| S&P: A
|
| Distribution: | Regulation S
|
| ISIN: | XS2648476302
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