Published on 8/27/2020 in the Prospect News Emerging Markets Daily.
New Issue: Nan Fung sells $500 million 3 5/8% 10-year guaranteed notes
By Marisa Wong
Los Angeles, Aug. 27 – Hong Kong’s Nan Fung Treasury Ltd. priced $500 million of 3 5/8% notes due 2030, according to a notice. The notes (BBB-) are guaranteed by Nan Fung International Holdings Ltd.
Hongkong and Shanghai Banking Corp. Ltd., Goldman Sachs (Asia) LLC, J.P. Morgan Securities plc and UBS AG Hong Kong Branch are the bookrunners.
Nan Fung is an investment holding company. Its main business is property development.
| Issuer: | Nan Fung Treasury Ltd.
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| Guarantor: | Nan Fung International Holdings Ltd.
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| Issue: | Notes
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| Amount: | $500 million
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| Maturity: | Aug. 27, 2030
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| Bookrunners: | Hongkong and Shanghai Banking Corp. Ltd., Goldman Sachs (Asia) LLC, J.P. Morgan Securities plc and UBS AG Hong Kong Branch
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| Coupon: | 3 5/8%
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| Issue date: | Aug. 27
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| Rating: | BBB-
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