Bloomberg News

Sun Hung Kai Properties Said to Sell $500 Million of Debt

October 24, 2011

Oct. 24 (Bloomberg) -- Sun Hung Kai Properties (Capital Markets) Ltd. sold $500 million of debt, according to a person with knowledge of the deal.

The five-year bonds carried a coupon of 3.5 percent, according to the person, who declined to be identified because the matter is private. The extra yield investors demanded to hold the bond rather than similar-maturity government bonds was 245 basis points, the person said.

To contact the reporter on this story: Rachel Evans in Hong Kong at revans43@bloomberg.net

To contact the editor responsible for this story: Hwee Ann Tan at hatan@bloomberg.net


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