New York, Aug. 31 – Sun Hung Kai & Co. (BVI) Ltd. priced $400 million of 4.65% guaranteed notes due 2022 at par, according to a company announcement.
The notes are guaranteed by parent company Sun Hung Kai & Co. Ltd.
AMTD Asset Management Ltd., Bank of China (Hong Kong) Ltd., Standard Chartered Bank, UBS AG Hong Kong Branch and SHK Financial were the bookrunners.
Proceeds will be used for general corporate purposes and to refinance debt.
The notes were issued under the company’s $2 billion guaranteed medium-term note program which was launched on Aug. 29.
Sun Hung Kai is a Hong Kong-based financial and securities holding company.
| Issuer: | Sun Hung Kai & Co. (BVI) Ltd.
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| Guarantor: | Sun Hung Kai & Co. Ltd.
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| Issue: | Guaranteed notes
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| Amount: | $400 million
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| Maturity: | 2022
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| Coupon: | 4.65%
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| Price: | Par
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| Bookrunners: | AMTD Asset Management Ltd., Bank of China (Hong Kong) Ltd., Standard Chartered Bank, UBS AG Hong Kong Branch, SHK Financial
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| Pricing date: | Aug. 31
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| Settlement: | Sept. 8
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| Distribution: | Regulation S
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