Hong Kong’s ESR Cayman to sell new notes under $2 billion debt program

Chicago, Feb. 18 – ESR Cayman Ltd. has proposed an issue of Singapore dollar-denominated notes, according to a notice.

Credit Suisse (Singapore) Ltd., DBS Bank Ltd. and United Overseas Bank Ltd. are joint bookrunners for the international offering aimed at institutional investors in Asia and Europe.

Proceeds from the notes will be used to refinance existing borrowings, finance a potential acquisition and investment opportunities which the group may pursue in the future. Additionally, proceeds will be used for working capital requirements and general corporate purposes.

The Regulation S notes will be issued under the company’s $2 billion debt issuance program.

ESR operates as a logistics real estate developer based in Hong Kong.

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