By Mary-Katherine Stinson
Lexington, Ky., June 30 – ESR Group Ltd. priced ¥30 billion of notes over two tranches (Japan Credit Rating Agency: AA-), according to a notice.
The offering includes ¥20 billion of 1.163% notes due July 10, 2026 and ¥10 billion of 1.682% notes due July 11, 2030.
Both tranches priced at par.
SMBC Nikko Capital Markets Ltd. and MUFG Securities Asia Ltd., Singapore Branch are the bookrunners for the Regulation S deal.
Proceeds will be used to refinance existing debt, to finance acquisitions and investment opportunities, for working capital and for general corporate purposes.
The notes will be issued under the company’s $2 billion multicurrency debt program.
Listing for the notes is expected on the Singapore Exchange.
The issuer is an Asia-focused real estate company based in Hong Kong.
| Issuer: | ESR Group Ltd.
|
| Amount: | ¥30 billion
|
| Issue: | Fixed-rate notes
|
| Bookrunners: | SMBC Nikko Capital Markets Ltd. and MUFG Securities Asia Ltd., Singapore Branch
|
| Pricing date: | June 30
|
| Settlement date: | July 10
|
| Ratings: | Japan Credit Rating Agency: AA-
|
|
|
| 2026 notes
|
| Amount: | ¥20 billion
|
| Maturity: | July 10, 2026
|
| Coupon: | 1.163%
|
| Price: | Par
|
| Yield: | 1.163%
|
|
|
| 2030 notes
|
| Amount: | ¥10 billion
|
| Maturity: | July 11, 2030
|
| Coupon: | 1.682%
|
| Price: | Par
|
| Yield: | 1.682%
|
|
|
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