Chicago, May 27 – Hongkong Land Finance (Cayman Islands) Co. Ltd. sold $600 million 2 7/8% senior notes (A2/A) due May 26, 2030, according to a market source and a pricing supplement.
The notes are guaranteed by Hongkong Land Co. Ltd.
The notes were issued under the company’s guaranteed medium-term note program.
Proceeds will be used for general corporate purposes.
The Regulation S notes were issued through managers Bank of China (Hong Kong) Ltd., DBS Bank Ltd., HSBC Ltd., Mizuho Securities Asia Ltd. and MUFG Securities Asia Ltd.
The issuer is a property development group.
| Issuer: | Hongkong Land Finance (Cayman Islands) Co. Ltd.
|
| Guarantor: | Hongkong Land Co. Ltd.
|
| Amount: | $600 million
|
| Maturity: | May 26, 2030
|
| Description: | Senior notes
|
| Bookrunners: | Bank of China (Hong Kong) Ltd., DBS Bank Ltd., HSBC Ltd., Mizuho Securities Asia Ltd. and MUFG Securities Asia Ltd.
|
| Coupon: | 2 7/8%
|
| Trade date: | May 19
|
| Settlement date: | May 27
|
| Rating: | Moody's: A2
|
| S&P: A
|
| Distribution: | Regulation S
|
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