Hong Kong's Far East Horizon upsizes MTN program to $1.5 billion

By Marisa Wong

Madison, Wis., May 2 - Far East Horizon Ltd. said it increased its medium-term note program to $1.5 billion from $1 billion on Thursday.

Citigroup and HSBC are the arrangers.

As before, proceeds will be used for working capital and general corporate purposes.

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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