(Updates with bonds details in first paragraph.)
Oct. 24 (Bloomberg) -- Sun Hung Kai Properties Ltd. is marketing a sale of five-year U.S. dollar bonds to pay between 245 and 250 basis points over Treasuries, according to a person familiar with the matter.
The debt will be issued under the company’s medium-term note program and sold by Sun Hung Kai (Capital Market) Ltd., a unit of the developer, another person said, asking not to be identified as the details are private.
Standard Chartered Plc is managing the benchmark-sized sale, the person said. Benchmark typically means at least $500 million.
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