Hysan (MTN) will issue $4 billion medium-term bonds guaranteed by Hysan Development (HKG:0014) meant for professional investors listed on the Hong Kong Stock Exchange, according to a Tuesday filing with the Hong Kong Bourse.
The terms of the bonds and the interest rate were not disclosed. The issuer will determine the size of the tranches and other details based on market conditions.
The company's stocks were down by over 1% on Wednesday's closing.
Price (HKD): $13.18, Change: $-0.18, Percent Change: -1.35%
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