Hong Kong’s Sun Hung Kai Properties launches $10 billion debt program

By William Gullotti

Buffalo, N.Y., Sept. 27 – Sun Hung Kai Properties Ltd. subsidiary Sun Hung Kai Properties (Capital Market) Ltd. applied to list a $10 billion 12-month debt program, according to a notice with an appended offering circular on Monday.

Notes issued under the Regulation S program will be guaranteed by the parent company and may also be issued in compliance with Rule 144A.

HSBC is the arranger.

HSBC is also listed as a dealer, joined by ANZ, Bank of China (Hong Kong), BNP Paribas, Citigroup, Crédit Agricole CIB, DBS Bank Ltd., Deutsche Bank, Goldman Sachs, ICBC (Asia), Morgan Stanley, Mizuho Securities, SMBC Nikko, MUFG, UBS, Standard Chartered Bank and UOB.

The program became effective Sept. 24.

Sun Hung Kai is a Hong Kong-based financial and securities holding company.

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