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Published on 9/4/2019 in the Prospect News Emerging Markets Daily.

New Issue: China’s Hysan Development sells $500 million 2.82% notes due 2029

By Marisa Wong

Los Angeles, Sept. 4 – Hysan Development Co. Ltd. issued $500 million of 2.82% guaranteed notes due 2029.

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

Goldman Sachs (Asia) LLC, JPMorgan, Mizuho Securities and UBS are the joint lead managers.

The notes were issued under the company’s $1.5 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:$500 million
Maturity:2029
Managers:Goldman Sachs (Asia) LLC, JPMorgan, Mizuho Securities and UBS
Coupon:2.82%
Pricing date:Aug. 28
Listing date:Sept. 5
Listing:Stock Exchange of Hong Kong Ltd.

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