E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/14/2019 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Hong Kong’s Sun Hung Kai gives tender results for 4¾%, 4.65% notes

By Wendy Van Sickle

Columbus, Ohio, Nov. 14 – Sun Hung Kai Properties Ltd. announced the results of the cash tender offers for the $361,639,000 of 4¾% guaranteed notes due 2021 and the $550 million of 4.65% guaranteed notes due 2022 issued by Sun Hung Kai Properties (Capital Market) Ltd., according to a notice.

The company said it accepted for purchase tenders of $111,871,000 of the 2021 notes and $104,814,000 of the 2022 notes.

The company offered par plus accrued interest for each series of notes.

The offers were announced on Nov. 4 and expired at 10 a.m. ET on Nov. 13.

Settlement will take place on Nov. 15.

Settlement is conditioned on consummation of a proposed offering of benchmark U.S. dollar-denominated senior unsecured notes, which condition the company said it expects to be satisfied.

Sun Hung Kai is a Hong Kong-based financial and securities holding company.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.