China’s Sun Hung Kai Properties launches $7 billion debt program

By Marisa Wong

Morgantown, W.Va., Nov. 10 – Sun Hung Kai Properties Ltd. announced a $7 billion debt instrument issuance program on Friday.

The debt will be issued by Sun Hung Kai Properties (Capital Market) Ltd. and guaranteed by Sun Hung Kai.

Hongkong and Shanghai Banking Corp. Ltd. is the arranger.

Listing on the Stock Exchange of Hong Kong Ltd. is expected to become effective Nov. 13.

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

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