New Issue- Hongkong Land prices $400 mln 2024 bond
Wed Jan 8, 2014 8:46am EST
Following are terms and conditions of a bond priced on Wednesday.
Borrower Hongkong Land Finance (Cayman Islands) Co Ltd
Issue Amount $400 million
Maturity Date January 16, 2024
Coupon 4.625 pct
Issue price 99.328
Reoffer price 99.328
Yield 4.71 pct
Spread 175 basis points
Underlying govt bond Over Treasury
Payment Date January 16, 2014
Lead Manager(s) DBS, HSBC & Standard Chartered Bank
Ratings A2 (Moody’s)
Listing SGX
Full fees Undisclosed
Denoms (K) 200-1
Governing Law English
Notes Launched under issuer’s EMTN programme
Security details and RIC, when available, will be on Reuters
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Data supplied by International Insider.
For more go to: http://uk.reuters.com/article/2014/01/08/idUKL3N0KI3AR20140108