Hong Kong’s Skyfame renews HK$2.3 billion medium-term bond program

By Marisa Wong

Morgantown, W.Va., Aug. 25 – Skyfame Realty (Holdings) Ltd. said it renewed its HK$2.3 billion medium-term bond program announced in August 2014.

The program will be valid for another 12 months.

Anglo Chinese Corporate Finance, Ltd. is the arranger.

The company said it intends to issue new bonds under the program in exchange for existing privately issued bonds. As of Aug. 25, the company has issued a total of HK$290 million of bonds due 2024, HK$570 million of bonds due 2031, HK$60 million of bonds due 2024 and HK$640 million of bonds due 2032.

The company said it wants to continue the program in order to refinance its debt securities at a lower effective yield.

Skyfame Realty is a Hong Kong-based investment holding company focused on property development.

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