Published on 1/9/2013 in the Prospect News Emerging Markets Daily.
New Issue: China's Hysan Development prices $300 million 3½% notes due 2023 to yield 3.528%
By Christine Van Dusen
Atlanta, Jan. 9 - China's Hysan Development Co. Ltd. priced a $300 million issue of 3½% notes due Jan. 16, 2023 (Baa1/BBB+/BB+) at 99.766 to yield 3.528%, a market source said.
HSBC, JPMorgan and UBS were the bookrunners for the Regulation S-only deal.
Hysan is a Hong Kong-based property developer that focuses on commercial space in the Causeway Bay area.
| Issuer: | Hysan Development Co. Ltd.
|
| Amount: | $300 million
|
| Maturity: | Jan. 16, 2023
|
| Description: | Notes
|
| Bookrunners: | HSBC, JPMorgan, UBS
|
| Coupon: | 3½%
|
| Price: | 99.766
|
| Yield: | 3.528%
|
| Trade date: | Jan. 9
|
| Settlement date: | Jan. 16
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
| Fitch: BB+
|
| Distribution: | Regulation S only
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
