Published on 10/26/2010 in the Prospect News Emerging Markets Daily.
New Issue: China's Sun Hung Kai Properties sells $300 million 4% notes due 2020 to yield 4.078%
By Christine Van Dusen
Atlanta, Oct. 26 - Hong Kong's Sun Hung Kai Properties Ltd. priced $300 million 4% notes due Nov. 2, 2020 (A1/A/) at 99.365 to yield 4.078%, a market source said.
HSBC and Standard Chartered were the bookrunners for the Regulation S deal.
Sun Hung Kai Properties is a development and real estate company.
| Issuer: | Sun Hung Kai Properties Ltd.
|
| Amount: | $300 million
|
| Maturity: | Nov. 2, 2020
|
| Description: | Notes
|
| Bookrunners: | HSBC, Standard Chartered
|
| Coupon: | 4%
|
| Price: | 99.365
|
| Yield: | 4.078%
|
| Trade date: | Oct. 26
|
| Settlement date: | Nov. 2
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A
|
| Distribution: | Regulation S
|
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