Hong Kong's Far East Horizon makes $80 million MTN drawdown

By Marisa Wong

Madison, Wis., Feb. 25 - Far East Horizon Ltd. said it issued $80 million of drawdown notes on Monday. The notes were issued under the company's $1 billion medium-term note program established on April 5, 2012.

Citigroup and HSBC are the arrangers of the program.

The company is a financial leasing unit of Sinochem Group, which is a Hong Kong-based business conglomerate with interests in agriculture, energy, chemicals, real estate and finance.

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