First Pacific to sell new bonds via HSBC, Mizuho

New York, May 10 – First Pacific Co. Ltd. plans to sell new bonds for cash to fund a tender for three series of existing notes, according to an announcement.

Hongkong and Shanghai Banking Corp. Ltd. and Mizuho Securities Asia Ltd. are joint lead managers for the offering, which will price on May 23.

Proceeds will be used to fund a tender offer for up to $300 million principal amount of the $374.47 million of 6% guaranteed bonds due June 28, 2019 issued by FPC Finance Ltd., the $312,193,000 of 6 3/8% guaranteed secured bonds due Sept. 28, 2020 issued by FPT Finance Ltd. and the $358,835,000 of 4½% guaranteed bonds due April 16, 2023 issued by FPC Treasury Ltd.

Holders who intend to subscribe for new bonds as well as tender may receive priority of allocation for the new securities equal to the amount tendered.

First Pacific is a Hong Kong-based investment management and holding company with operations in consumer food products, infrastructure, natural resources and telecommunications.

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