By Wendy Van Sickle
Columbus, Ohio, Sept. 3 – Hysan Development Co. Ltd. subsidiary Elect Global Investments Ltd. sold a $200 million add-on to its subordinated guaranteed perpetual capital securities, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.
The notes will be consolidated and form a single series with the $300 million of the notes issued by the company on Aug. 25.
Hysan guarantees the notes.
Mizuho Securities and UBS are the joint global coordinators, joint lead managers and joint bookrunners.
Listing is expected for Friday.
The property developer is based in Hong Kong.
| Issuer: | Elect Global Investments Ltd.
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| Guarantor: | Hysan Development Co. Ltd.
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| Issue: | Subordinated guaranteed perpetual capital securities
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| Amount: | $200 million add-on
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| Maturity: | Perpetual
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| Managers: | Mizuho Securities and UBS
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| Listing date: | Sept. 4
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| Distribution: | Regulation S
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| Original issue: | $300 million issued on Aug. 25
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