Shui On Land (HKG:0272) to Issue Senior Notes

   Date:2012/01/10

Shui On Development (Singapore), a wholly owned subsidiary of Shui On Land Limited (HKG:0272), has proposed to conduct an international offering of notes to institutional investors in Asia. The notes are expected to be issued by Shui On Development (Singapore) and guaranteed by Shui On Land and its wholly owned subsidiary, Shui On Development (Holding) Limited.

Shui On Land intends to use the net proceeds from the notes to fund capital expenditures related to its real estate operations and/or acquire, develop, construct or improve assets, real or personal property or equipment or repay existing indebtedness, in each case, to the extent permitted under the terms of both the 6.875% senior notes and the 7.625% senior notes.

Standard Chartered Bank as global coordinator and Standard Chartered Bank, BNP Paribas, Deutsche Bank and UBS as the initial purchasers and joint bookrunners, are managing the proposed notes issue. Approval-in-principle has been received for the listing of the notes on the SGX-ST.



 

Source:chinesestock.org

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