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Published on 3/18/2020 in the Prospect News Emerging Markets Daily.

New Issue: Hong Kong’s PCGI sells $137.46 million add-on to 4¾% guaranteed notes due 2024

By Rebecca Melvin

New York, March 18 – PCGI Ltd. subsidiary PCGI Intermediate Holdings Ltd. sold a $137.46 million add-on to its 4¾% guaranteed notes due 2024, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.

Together with the $250 million of the notes initially offered at the end of October, the deal size is now $387.46 million.

UBS was arranger and placing agent of the notes.

Listing is expected on Thursday.

PCGI is a private investment group with interests in technology, media and telecommunications, financial services, infrastructure, property and other investments. It is based in Hong Kong.

Issuer:PCGI Intermediate Ltd.
Guarantor:PCGI Ltd.
Issue:Guaranteed notes
Amount:$137.46 million
Maturity:2024
Arranger:UBS
Coupon:4¾%
Announcement date:March 18
Listing date:March 19
Total deal size:$387.46 million

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