Bloomberg News

Sun Hung Kai Said to Market Sale of Five-Year Dollar Bonds

October 24, 2011

(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.

--Editor: Pavel Alpeyev

To contact the reporters on this story: Rachel Evans in Hong Kong at revans43@bloomberg.net; Tanya Angerer in Singapore at tangerer@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net


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