Shimao Property Issues US$450 Million Bonds Due 2022 at 4.75%

By Chester Yung Features Dow Jones Newswires

Shimao Property Holdings Ltd. (0813.HK) said Friday it is issuing US$450 million worth of bonds due 2022 at 4.75% and will use the net proceeds for business development, general corporate purposes and debt refinancing.

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China International Capital Corporation Hong Kong Securities Ltd., The Hongkong and Shanghai Banking Corporation Ltd., Morgan Stanley & Co. International PLC, Goldman Sachs (Asia) L.L.C.and UBS AG Hong Kong Branch are the joint bookrunners on the deal, the Hong Kong-listed developer said.

Write to Chester Yung at chester.yung@wsj.com

(END) Dow Jones Newswires

June 22, 2017 21:31 ET (01:31 GMT)