Hong Kong’s Techtronic amends $500 million medium-term note program

By William Gullotti

Buffalo, N.Y., May 21 – Techtronic Industries Co. Ltd. amended its $500 million medium-term note program, according to a company announcement.

Citigroup Global Markets Ltd. and HSBC Ltd. continue as the joint arrangers and dealers under the Regulation S program.

The dealers have changed, however. In addition to Citigroup and HSBC, the dealers are now Australia and New Zealand Banking Group Ltd., BOCI Asia Ltd., Merrill Lynch (Asia Pacific) Ltd., Mizuho Securities Asia Ltd., MUFG Securities EMEA plc, Standard Chartered Bank and UBS AG Hong Kong Branch.

Proceeds can be used to refinance debt and for general corporate purposes.

The announcement amends the medium-term note program established June 9, 2015, updated May 24, 2019 and May 22, 2020.

Techtronic is an electrical and electronic products manufacturing and trading company based in Hong Kong.

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