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Published on 8/23/2021 in the Prospect News Emerging Markets Daily.

New Issue: Hong Kong’s PCGI sells $225 million of 4˝% guaranteed notes due 2026

By William Gullotti

Buffalo, N.Y., Aug. 23 – PCGI Intermediate Holdings Ltd. subsidiary PCGI Intermediate Holdings (III) Ltd. sold $225 million of 4˝% guaranteed notes due 2026, according to a listing notice Monday.

HSBC, Credit Suisse, DBS Bank Ltd., J.P. Morgan, SMBC Nikko and Standard Chartered Bank are the joint global coordinators, joint lead managers and joint bookrunners for the offering.

The Regulation S notes are expected to be listed on the Stock Exchange of Hong Kong on Aug. 24.

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 Holdings (III) Ltd.
Guarantor:PCGI Intermediate Holdings Ltd.
Issue:Guaranteed notes
Amount:$225 million
Maturity:2026
Bookrunners:HSBC, Credit Suisse, DBS Bank Ltd., J.P. Morgan, SMBC Nikko, Standard Chartered Bank
Coupon:4˝%
Pricing date:Aug. 16
Listing date:Aug. 24

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