For immediate release: 1 September 2021, Hong Kong

 

 

Sun Hung Kai & Co Issues US$375 Million Bonds

 

Sun Hung Kai & Co. Limited (SEHK: 86) ("SHK & Co", together with its subsidiaries, the "Group") announced that it has successfully completed the issuance of US$375 million 5% senior unsecured bonds due 2026 (the "Bonds") under its US$3 billion Medium Term Note Programme. The Bonds will be listed on The Stock Exchange of Hong Kong Limited. The proceeds from the Bonds will be used for general corporate purposes and refinancing.

 

The issuance marks a return of SHK & Co to the debt capital markets following the issuance of the US$350 million senior unsecured bonds in November 2019. The transaction allowed SHK & Co to further optimize its capital structure and extend its debt maturity profile.

 

The Bonds attracted the strong demand from global institutional accounts with more than 6 times over-subscription which amounted over US$2.3 billion in orders from 142 international investors. Global fund managers took 40% of the allocations, while 12% to Banks / Financial Institutions and 48% went to private banks.

 

Standard Chartered Bank, UBS, Bank of China (Hong Kong) Limited and Credit Suisse are Joint Global Coordinators and Joint Bookrunners. China CITIC Bank International, The Bank of East Asia, Limited, Barclays, Deutsche Bank, Everbright Securities International and FUTEC Financial are Joint Bookrunners of the transaction.

 

Last month, the Group announced a strong set of results for the six-month period ending 30 June 2021, with profit attributable to owners of the company increasing by 287% year-on-year, driven by significant gains in its Investment Management and strong recovery in the Consumer Finance segment.

 

 

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."

 

 

 

About Sun Hung Kai & Co.

 

Sun Hung Kai & Co. Limited (SEHK: 86) ("SHK & Co.", together with its subsidiaries, the "Group") is a leader in alternative investing headquartered in Hong Kong. Since its establishment in 1969, the Group has owned and operated market-leading platforms in Financial Services. The Group invests across public markets, alternatives and real assets and has an established track record of generating long-term risk adjusted returns for its shareholders. Most recently, it has extended its strategy to incubate, accelerate and support emerging asset managers in the Asian region. It is also the major shareholder of a leading Consumer Finance firm, United Asia Finance Limited. The Group currently holds about HK$48 billion in total assets as at 30 June 2021.

 

For more information about SHK & Co., please visit its corporate website www.shkco.com.

 

 

 

For media enquiries, contact:

 

Hill+Knowlton Strategies

Joanne Lam	+852 2894 6211
Margaret Lam	+852 2894 6258

shkco@hkstrategies.com