By William Gullotti
Buffalo, N.Y., May 25 – Vanke Real Estate (Hong Kong) Co. Ltd. listed RMB 1.45 billion 3.45% medium-term notes (BBB) issued under the company’s $9.5 billion medium-term notes program due 2024, according to a notice Tuesday.
The joint bookrunners and lead managers are BOC International, Credit Agricole, CIB, HSBC and UBS.
The listing is expected to become effective on Thursday.
The proceeds be used for refinancing, according to S&P Global Ratings.
Vanke Real Estate is the key offshore financing subsidiary of China Vanke Co. Ltd., a Shenzhen, China-based residential real estate developer.
| Issuer: | Vanke Real Estate (Hong Kong) Co. Ltd.
|
| Issue: | Medium-term notes
|
| Amount: | RMB 1,445,000,000
|
| Maturity: | 2024
|
| Bookrunners: | BOC International, Credit Agricole, CIB, HSBC, UBS
|
| Coupon: | 3.45%
|
| Pricing date: | May 17
|
| Listing date: | May 26
|
| Rating: | S&P: BBB
|
| Distribution: | Regulation S
|
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