By Sarah Lizee
Olympia, Wash., March 3 – Hysan Development Co. Ltd. subsidiary Elect Global Investments Ltd. sold $850 million of subordinated guaranteed perpetual capital securities, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.
Hysan guarantees the notes.
Credit Agricole, HSBC, JPMorgan, Standard Chartered Bank and UBS are the joint global coordinators, joint lead managers and joint bookrunners.
Listing is expected for March 4.
The property developer is based in Hong Kong.
| Issuer: | Elect Global Investments Ltd.
|
| Guarantor: | Hysan Development Co. Ltd.
|
| Issue: | Subordinated guaranteed perpetual capital securities
|
| Amount: | $850 million
|
| Maturity: | Perpetual
|
| Managers: | Credit Agricole, HSBC, JPMorgan, Standard Chartered Bank and UBS
|
| Listing date: | March 4
|
| Distribution: | Regulation S
|
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