By Sarah Lizee
Olympia, Wash., June 11 – Yuexiu Real Estate Investment Trust said Yuexiu REIT MTN Co. Ltd. priced HK$350 million more 3.6% notes due 2024.
The notes will be consolidated and form a single series with the original HK$770 million of 3.6% notes priced on May 21.
The notes are guaranteed by HSBC Institutional Trust Services (Asia) Ltd. in its capacity as the trustee of Yuexiu.
The managers are Bank of China (Hong Kong) Ltd., DBS Bank Ltd. and Hongkong and Shanghai Banking Corp. Ltd.
Proceeds will be used to refinance Yuexiu’s existing facilities and to fund general corporate purposes.
Yuexiu is a real estate investment trust based in Hong Kong.
| Issuer: | Yuexiu REIT MTN Co. Ltd.
|
| Guarantor: | HSBC Institutional Trust Services (Asia) Ltd.
|
| Amount: | HK$350 million
|
| Maturity: | May 28, 2024
|
| Managers: | Bank of China (Hong Kong) Ltd., DBS Bank Ltd. and Hongkong and Shanghai Banking Corp. Ltd.
|
| Coupon: | 3.6%
|
| Price: | Par
|
| Yield: | 3.6%
|
| Put option: | Upon a change of control
|
| Pricing date: | June 11
|
| Settlement date: | June 14
|
| Total issuance: | HK$1.12 billion, including HK$770 million originally priced on May 21
|
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