Yuexiu Property launches $3 billion medium-term note program

By Cady Vishniac

Detroit, Jan. 11 – Yuexiu Property Co. Ltd. has launched a $3 billion medium-term note program through its subsidiary, Westwood Group Holdings Ltd., according to a market release.

The Regulation S notes will be issued by Westwood and guaranteed by the parent company. Moody’s Investors Service has rated the notes under the program Baa3, while Fitch Ratings has given a rating of BBB-.

Arrangers and dealers will be DBS Bank Ltd., CLSA Ltd., ABCI Capital Ltd., Bank of China (Hong Kong) Ltd., BOCI Asia Ltd., CCB International Capital Ltd., China International Capital Corp. Hong Kong Securities Ltd., Chong Hing Bank Ltd., CMB International Capital Ltd., CMBC Securities Co. Ltd., Guotai Junan Securities (Hong Kong) Ltd., Haitong International Securities Co. Ltd. and Yue Xiu Securities Co. Ltd.

Deutsche Bank AG, Hong Kong Branch will be the issuing and paying agent.

Application has been made to the Stock Exchange of Hong Kong Ltd. for the listing of the program for the next 12 months.

Yuexiu is a property developer based in Hong Kong.

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