GLP China launches HK$20 billion medium-term note program

By Rebecca Melvin

New York, March 24 – GLP China Holdings Ltd. is listing a HK$20 billion medium-term note program (/BBB-/), according to an offering circular published by the Hong Kong Exchanges and Clearing Ltd. and the Stock Exchange of Hong Kong Ltd.

Morgan Stanley is the arranger and dealer of the program, dated March 22, under which GLP China may issue notes that may be listed or admitted to trading on the exchange.

The proceeds will primarily be used for refinancing offshore short-term debt and for general corporate purposes.

The warehousing logistics company is based in Shanghai.

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