trending Market Intelligence /marketintelligence/en/news-insights/trending/RAC-LsOnW7FrKODQXrheUg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Road King launches tender offer for up to US$150M of senior notes

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Road King launches tender offer for up to US$150M of senior notes

Road King Infrastructure Ltd. launched a tender offer for up to US$150.0 million of the US$450.0 million guaranteed senior notes due 2019 issued by RKI Overseas Finance 2016 (A) Ltd.

The tender offer for the notes listed on the Hong Kong stock exchange will run from Jan. 9 to Jan. 17 unless extended, reopened or terminated by the company. Settlement of the offering is expected on Jan. 23, according to a filing.

The Hong Kong-listed developer intends to finance the proposed buyback of the notes using proceeds from its RKPF Overseas 2019 (B) Ltd. subsidiary's planned international offering of U.S. dollar-denominated fixed-rate unsecured senior notes that will be listed on the Singapore stock exchange.

Road King Infrastructure appointed The Hongkong and Shanghai Banking Corp. Ltd., or HSBC, and JP Morgan Securities plc to be the dealer managers for the tender offer. Meanwhile, HSBC, JP Morgan and China CITIC Bank International Ltd. were tapped to be the joint global coordinators, joint book runners and joint lead managers of the planned issuance.