By Marisa Wong
Madison, Wis., Nov. 24 – Yuexiu Property Co. Ltd. priced HK$2.3 billion of 6.1% notes due 2029, according to a company announcement.
Nomura International plc and Standard Chartered Bank (Hong Kong) Ltd. are the dealers for the Regulation S offering.
The notes will be issued under the company’s $2 billion medium-term note program established in June. Bank of China (Hong Kong) Ltd., BOCI Asia Ltd., DBS Bank Ltd., Hongkong and Shanghai Banking Corp. Ltd. and Morgan Stanley & Co. International plc are the arrangers and dealers of the program. Yuexiu Securities Co. Ltd. is the sub-arranger.
Proceeds from the new issue will be used for refinancing debt and for general corporate purposes.
Settlement is slated for Nov. 28.
The issuer is a property developer based in Hong Kong.
| Issuer: | Yuexiu Property Co. Ltd.
|
| Issue: | Notes
|
| Amount: | HK$2.3 billion
|
| Maturity: | 2029
|
| Dealers: | Nomura International plc and Standard Chartered Bank (Hong Kong) Ltd.
|
| Coupon: | 6.1%
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 28
|
| Distribution: | Regulation S
|
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