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Cheung Kong Property backs US$3B note program

Cheung KongProperty Holdings Ltd. said that CK Property Finance (MTN) Ltd.plans to issue bonds under a US$3.00 billion euro medium-term note program.

The company will serve as a guarantor for the program, whichis proposed to be listed on the Hong Kong bourse, effective July 25.

CK Property Finance will issue the notes only toprofessional investors through debt issues for a 12-month period after July 22.

HSBC, BofA Merrill Lynch and Mizuho Securities are the arrangersand dealers of the program.