Sun Hung Kai & Co Issues US$400 Million Bond
 
Sep 05, 2017
Category:

Sun Hung Kai & Co. Limited (SEHK: 86) (the "Company", together with its subsidiaries, the "Group") announced that it has successfully placed the issue of US$400 million 5-year guaranteed notes bearing a 4.65% coupon per annum, as part of its refinancing and on-going capital management program.

The net proceeds from the bond issue will be used to refinance the Company's existing indebtedness and the balance for general corporate purposes. It also extends the Company's debt maturity profile. The issue is part of the US$2 billion Guaranteed Medium Term Note Program ("MTN Program"). AMTD, Bank of China (Hong Kong), Standard Chartered Bank, UBS AG and Sun Hung Kai Financial acted as managers of the bond issue.

Group Executive Chairman, Lee Seng Huang said, "This is our third public issue following the establishment of the MTN Program in 2012 and we are steadily building a track record in the debt capital market. The strong response to this issue is an encouraging signal of the market's confidence in the Group."

Last month, the Group announced a strong set of results for the six-month period ending 30 June 2017, with profit attributable to owners of the company increasing by 183% year-on-year, driven by solid performance in its Consumer Finance and Principal Investments businesses.

Important Note

"This release for information purposes only is not an offer to purchase, a solicitation of an offer to purchase, an offer to sell or a solicitation of an offer to sell, securities in the United States or elsewhere. No securities of the Issuer or any of its subsidiaries are being, or will be, registered under the U.S. Securities Act, or the securities laws of any state of the United States or other jurisdiction and no such securities may be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and any applicable state or local securities laws. Any public offering of securities to be made in the United States will be made by means of a prospectus, which prospectus will contain detailed information about the Issuer making the offer and its management and financial statements. No public offering of securities is being or will be made in the United States or any other jurisdiction. Nothing in this release shall constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction in which such offer or sale would be unlawful.

The above mentioned notes ("the Notes") are not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. The Notes and the guarantee relating thereto have not been, and will not be, registered under the U.S. Securities Act, or the securities laws of any state of the United States or other jurisdiction, and may not be offered, sold or delivered, directly or indirectly, in the United States, except pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state security laws. This release may not be sent or given to a person in the United States or otherwise to any person other than in an offshore transaction in accordance with Regulation S."

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About Sun Hung Kai & Co. Limited
Sun Hung Kai & Co. Limited (the "Group") is an investment and finance firm with a focus on Greater China.

Since its foundation in 1969, the Group has owned and operated market-leading businesses in financial services, striving to generate long-term capital growth for its shareholders. Leveraging on its heritage and operational experience, the Group invests across a diverse yet complementary portfolio of investment and finance businesses. Through online platforms as well as an extensive branch and office network across Hong Kong and Mainland China, the finance business provides funding solutions to individuals, small businesses and corporates.

The Group currently has about HK$19 billion* in shareholders' equity. It is the major shareholder of leading consumer finance firm United Asia Finance Limited and a substantial shareholder of Sun Hung Kai Financial Group Limited.
*As of 30 June 2017.

For more information about Sun Hung Kai & Co. Limited (SEHK: 86), please visit its website atwww.shkco.com.

For enquiries, please contact:
Nancy Chen (852) 3748 2823 nancy.chen@shkco.com

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