New Issue: China's Sun Hung Kai sells $500 million 3 5/8% 10-year notes at 162.5 bps spread

By Christine Van Dusen

Atlanta, Jan. 7 - China's Sun Hung Kai Properties Capital Market Ltd. priced a $500 million issue of 3 5/8% 10-year notes (A1/A+/) on Monday at 99.386 to yield 3.699%, or Treasuries plus 162.5 basis points, a market source said.

Deutsche Bank, HSBC and Standard Chartered Bank were the bookrunners for the Regulation S-only deal.

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

Issuer:	Sun Hung Kai Properties Capital Market Ltd.
Amount:	$500 million
Maturity:	Jan. 16, 2023
Description:	Notes
Bookrunners:	Deutsche Bank, HSBC, Standard Chartered Bank
Coupon:	3 5/8%
Price:	99.386
Yield:	3.699%
Spread:	Treasuries plus 162.5 bps
Trade date:	Jan. 7
Settlement date:	Jan. 16
Ratings:	Moody's: A1
	Standard & Poor's: A+
Distribution:	Regulation S

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