trending Market Intelligence /marketintelligence/en/news-insights/trending/6fwjbfacnwb-hcxv9jloew2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

China Vanke unit issues HK$1.38B bonds

OTT Winners, Losers In The Age Of COVID-19

After Growing In 2019, Latam FTTP Market Might Slowdown In 2020 Due To COVID-19

Another Outcome Of COVID-19: Olympics Postponed

COVID-19 Crisis: Legacy TV Universe Strategic Analysis

China Vanke unit issues HK$1.38B bonds

Anindirectly owned subsidiary of China Vanke Co. Ltd. has issued bonds with an aggregateprincipal amount of around HK$1.38 billion and a 2.50% annual interest rate.

BestgainReal Estate Lyra Ltd. will issue the notes, which will mature April 13, 2019,unless earlier redeemed in accordance with the terms, according to an April 13filing.

Thenotes are part of a US$2.00 billion medium-term note program. Vanke Real Estate(Hong Kong) Co. Ltd., another China Vanke unit, served as the guarantor of thebonds. The unit issued the notes to professional investors in Hong Kong andoutside the U.S. to non-U.S. persons.

Further,Sun Hung Kai Properties said an application has been made to The Stock Exchangeof Hong Kong Ltd. for the listing of and permission to deal in the bonds,effective April 14.

Theproceeds from the issuance will be used for working capital, investment andother general corporate purposes.

ABCICapital Ltd. and Agricultural Bank of China Ltd. Hong Kong Branch served as thedealers of the bond issuance.