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Pacific Century Premium Developments Limited ( (HK:0432) ) has shared an announcement.
Pacific Century Premium Developments has arranged for its subsidiary PCPD Capital to issue US$500 million of 7.5 per cent guaranteed notes due in 2029, with the parent acting as guarantor and HSBC as manager. The notes, to be listed on the Singapore Exchange, will rank as unsecured, unsubordinated obligations and carry a change-of-control put at 101 per cent.
Proceeds from the bond issue will be used to repay indebtedness and for general corporate purposes, strengthening the company’s liquidity profile and funding flexibility. The transaction is subject to conditions in the subscription agreement, and the company has highlighted potential termination scenarios, advising shareholders and investors to exercise caution when dealing in its securities.
More about Pacific Century Premium Developments Limited
Pacific Century Premium Developments Limited is a Bermuda-incorporated company listed in Hong Kong that operates in the property development and investment sector. The group uses financing vehicles such as its indirect wholly owned subsidiary PCPD Capital Limited to support its real estate and related development activities across its key Asian markets.
Average Trading Volume: 2,023,225
Technical Sentiment Signal: Hold
Current Market Cap: HK$591.1M
For an in-depth examination of 0432 stock, go to TipRanks’ Overview page.