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Shui On completes 1.6B-yuan note issuance

Shui On Land Ltd.'s Shui On Development (Holding) Ltd. completed March 2 its offering of 1.60 billion yuan of senior notes.

The 6.875% senior notes due March 2, 2021, will be listed on the Singapore bourse, as noted when the plan was unveiled Feb. 27.

China CITIC Bank International Ltd. and Standard Chartered Bank are the joint global coordinators, joint book runners, joint lead managers and initial purchasers of the notes.

As of March 2, US$1 was equivalent to 6.36 Chinese yuan.