By Rebecca Melvin
New York, May 1 – Wharf Real Estate Investment Co. Ltd. priced $750 million of notes in two tranches, according to a market source.
The $450 million 2 3/8% five-year tranche priced at 99.677 to yield 2.444%.
The $300 million 2 7/8% 10-year notes priced at 98.893 to yield 3.004%
The combined order book was for $7.9 billion for the Regulation S deal.
The notes were issued by Wharf REIC Finance (BVI) and priced via HSBC, Bank of China, DBS Bank, Mizuho Securities and SMCB Nikko as joint global coordinators and joint bookrunners.
Wharf is a Hong Kong-based conglomerate with businesses in property investment and development, communications, media and entertainment.
| Issuer: | Wharf REIC Finance (BVI) Ltd.
|
| Guarantor: | Wharf Real Estate Investment Co. Ltd.
|
| Amount: | $750 million
|
| Description: | Notes
|
| Bookrunners: | HSBC, Bank of China, DBS Bank, Mizuho Securities and SMCB Nikko
|
| Distribution: | Regulation S
|
|
|
| Five-year notes
|
| Amount: | $450 million
|
| Maturity: | 2025
|
| Coupon: | 2 3/8%
|
| Price: | 99.677
|
| Yield: | 2.444%
|
|
|
| 10-year notes
|
| Amount: | $300 million
|
| Maturity: | 2030
|
| Coupon: | 2 7/8%
|
| Price: | 99. 893
|
| Yield: | 3.004%
|
|
|
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