By Marisa Wong
Los Angeles, Nov. 12 – Vanke Real Estate (Hong Kong) Co. Ltd. priced $423 million of 3.15% series A notes due 2025 and $300 million of 3˝% series B notes due 2029 (BBB/BBB+), according to a notice.
The notes will be issued under the company’s $9.5 billion medium-term note program.
BOC International, Deutsche Bank, Goldman Sachs (Asia), HSBC, Morgan Stanley and UBS are the joint bookrunners and joint lead managers for the Regulation S notes.
Listing of the notes on the Stock Exchange of Hong Kong Ltd. is expected to take effect Wednesday.
Vanke is a Shenzhen, China-based residential real estate developer.
| Issuer: | Vanke Real Estate (Hong Kong) Co. Ltd.
|
| Issue: | Medium-term notes
|
| Amount: | $723 million
|
| Bookrunners: | BOC International, Deutsche Bank, Goldman Sachs (Asia), HSBC, Morgan Stanley and UBS
|
| Pricing date: | Nov. 4
|
| Announcement date: | Nov. 12
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| Listing date: | Nov. 13
|
| Ratings: | S&P: BBB
|
| Fitch: BBB+
|
| Distribution: | Regulation S
|
|
|
| 2025 notes
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| Amount: | $423 million
|
| Maturity: | 2025
|
| Coupon: | 3.15%
|
|
|
| 2029 notes
|
| Amount: | $300 million
|
| Maturity: | 2029
|
| Coupon: | 3˝%
|
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