Published on 9/17/2012 in the Prospect News Emerging Markets Daily.
New Issue: China's Sun Hung Kai prices $350 million 6 3/8% five-year notes to yield 6.45%
By Christine Van Dusen
Atlanta, Sept. 17 - Hong Kong-based Sun Hung Kai Properties sold $350 million 6 3/8% five-year notes at 99.684 to yield 6.45%, a market source said.
Standard Chartered and UBS were the bookrunners for the Regulation S-only notes, which include a change-of-control put at 101%.
Sun Hung Kai is a Hong Kong-based financial and securities holding company.
| Issuer: | Sun Hung Kai Properties
|
| Amount: | $350 million
|
| Maturity: | Sept. 24, 2017
|
| Description: | Senior notes
|
| Bookrunners: | Standard Chartered, UBS
|
| Coupon: | 6 3/8%
|
| Price: | 99.684
|
| Yield: | 6.45%
|
| Change-of-control put: | At 101%
|
| Trade date: | Sept. 17
|
| Settlement date: | Sept. 24
|
| Distribution: | Regulation S only
|
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