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Prospect News home > News index > List of issuers F > Headlines for Far East Horizon Ltd. > News item |
S&P rates Far East Horizon notes BBB-
S&P said it assigned its BBB- long-term issue rating to the dollar-denominated senior unsecured notes that Far East Horizon Ltd. plans to sell. The notes will be issued under Far East’s $4 billion medium-term note program.
“The proposed notes will constitute direct, unconditional, unsubordinated and unsecured obligations of FEH. They will rank equally among themselves and with all other unsubordinated and unsecured obligations of the issuer. We, therefore, equalize the rating on the notes with the long-term issuer credit rating on FEH,” the agency said in a press release.
The company will use the proceeds for working capital and other general corporate purposes.
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