Hong Kong’s Yuexiu Property launches $1 billion note program

By Marisa Wong

Madison, Wis., April 24 – Yuexiu Property Co. Ltd. has established a $1 billion guaranteed medium-term note program (expected: Baa2/BBB-/BBB-), according to a company news release.

Notes under the program will be issued through wholly owned special purpose vehicle Famous Kind International Ltd. and guaranteed by Yuexiu Property.

Bank of China Ltd., Bank of China (Hong Kong) Ltd., BOCI Asia Ltd., Hongkong and Shanghai Banking Corp. Ltd., J.P. Morgan Securities plc and Nomura International plc are the arrangers and dealers. Yuexiu Securities Co. Ltd. is also a dealer.

Proceeds will be used for general corporate purposes.

Listing of the program on the Stock Exchange of Hong Kong Ltd. is expected to become effective Monday.

The issuer is a property developer 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.