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Prospect News home > News index > List of issuers C > Headlines for China Resources Land Ltd. > News item
Published on 12/10/2019 in the Prospect News Emerging Markets Daily.

New Issue: China Resources Land issues $1.05 billion perpetual capital securities

By Rebecca Melvin

New York, Dec. 10 – China Resources Land Ltd. has issued $1.05 billion of perpetual capital securities with a distribution rate of 3¾%, according to a listing notice.

The securities were issued under the company’s $3.9 billion medium-term note program.

HSBC was global coordinator, joint bookrunner and joint lead manager along with additional joint bookrunners and joint lead managers BOC International, DBS Bank Ltd., ABC International, CMB International, CCB International, Mizuho Securities and BofA Securities.

China Resources Land is a property developer based in Hong Kong.

Issuer:China Resources Land Ltd.
Issue:Capital securities
Amount:$1.05 billion
Maturity:Perpetual
Joint bookrunners:HSBC, BOC International, DBS Bank Ltd., ABC International, CMB International, CCB International, Mizuho Securities and BofA Securities
Initial distribution rate:3¾%
Listing date:Dec. 10

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