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Published on 6/2/2020 in the Prospect News Emerging Markets Daily.

New Issue: China’s Hysan Development sells $400 million 2 7/8% notes due 2027

By Marisa Wong

Los Angeles, June 2 – Hysan Development Co. Ltd. issued $400 million of 2 7/8% guaranteed notes due 2027.

The notes were issued through subsidiary Hysan (MTN) Ltd. and are guaranteed by the parent company.

Bank of China (Hong Kong), BOC International, HSBC, JPMorgan, Mizuho Securities and UBS are joint lead managers.

The notes were issued under the company’s $2.5 billion medium-term note program.

The property developer is based in Hong Kong.

Issuer:Hysan (MTN) Ltd.
Guarantor:Hysan Development Co. Ltd.
Issue:Medium-term notes
Amount:$400 million
Maturity:2027
Managers:Bank of China (Hong Kong), BOC International, HSBC, JPMorgan, Mizuho Securities and UBS
Coupon:2 7/8%
Pricing date:May 26
Listing date:June 2
Listing:Stock Exchange of Hong Kong Ltd.

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