Hong Kong’s ESR Group plans offering of yen-denominated notes

By Marisa Wong

Los Angeles, June 23 – ESR Group Ltd. is proposing to issue Japanese yen-denominated notes under its $2 billion multicurrency debt issuance program, according to a company announcement.

The company plans to conduct an international offering of the notes to institutional investors in Asia and Europe.

SMBC Nikko Capital Markets Ltd. and MUFG Securities Asia Ltd. Singapore Branch are the joint bookrunners.

Proceeds will be used to refinance existing borrowings, to finance potential acquisition and investment opportunities, as well as for working capital requirements and general corporate purposes.

ESR is an Asia-focused real estate company based in Hong Kong.

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