| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item |
Hong Kong’s Pacific Century begins tender offer for 4¾% notes due 2022
Chicago, June 7 – Pacific Century Premium Developments Ltd. launched a cash tender offer for its $700 million 4¾% guaranteed notes due 2022 (ISIN: XS1572363858), notes that were originally issued by PCPD Capital Ltd.
The company is offering to buy any and all of the notes for 101.8, according to an announcement.
The offer will end at 11 a.m. ET on June 16.
Financing for the tender offer will come a new issue of notes. The tender offer is subject to the successful completion of the issue of new notes.
Priority in allocation of the new notes may be given to noteholders who tender old notes.
Noteholders are advised to contact a dealer manager as soon as possible if they wish to participate in the offering of new notes, as the pricing of the new notes may occur before the end of the tender offer.
The company is conducting the tender offer to optimize its balance sheet structure.
Settlement is planned for June 18.
Dealer managers for the offer are J.P. Morgan Securities plc (+44 20 3493 0682), Morgan Stanley & Co. International plc (+44 20 7677 7799, tmgap@morganstanley.com), HSBC Ltd. (+852 3941 0223, +44 20 7992 6237, liability.management@hsbcib.com), Standard Chartered Bank (+852 3983 8658, +65 6557 8289, liability_management@sc.com), SMBC Nikko Securities (Hong Kong) Ltd. (+852 3716 7000, DCMAsia@smbcnikko-hk.com), DBS Bank Ltd. (+852 2806 5325, liabilitymanagement@dbs.com), Credit Suisse (Hong Kong) Ltd. (+852 2101 6750, list.liabilitymanagmentasia@credit-suisse.com).
Morros Sodali Ltd. (+44 20 8089 3287, +852 2319 4130, pcpd@investor.morrowsodali.com, https://bonds.morrowsodali.com/pcpd) is the information and tender agent.
Pacific Century is engaged in the development and management of premium property and infrastructure projects, as well as investment in premium-grade buildings in the Asia-Pacific region. It is based in Hong Kong.
© 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.