SHK PPT Updates USD 10 Billion Debt Issuance Programme for Professional Investors

Bulletin Express10-22 12:41

Sun Hung Kai Properties (Capital Market) Limited, the financing vehicle of SHK PPT, has refreshed its USD 10.00 billion Programme for the Issuance of Debt Instruments, according to an announcement released on 22 October 2026.

\n\nKey features of the updated programme include:

• Programme Size: The issuance limit remains at USD 10.00 billion, unchanged since the last increase in September 2020.\n\n• Eligibility: All instruments under the programme are intended for purchase by professional investors only and will be listed on The Stock Exchange of Hong Kong Limited (SEHK) under Chapter 37. The securities are not suitable for retail investors in Hong Kong.\n\n• Issuer and Guarantee: The instruments will be issued by Sun Hung Kai Properties (Capital Market) Limited and unconditionally and irrevocably guaranteed by SHK PPT (Sun Hung Kai Properties Limited).\n\n• Documentation: The information memorandum dated 21 October 2026 will govern issues during the 12-month period following that date. Any tranche details, including interest, pricing and listing particulars, will be set out in subsequent pricing supplements.\n\n• Arranger and Dealers: HSBC acts as sole arranger. The dealer group comprises 17 international and regional banks, including ANZ, BNP Paribas, Crédit Agricole CIB, Deutsche Bank, Goldman Sachs, MUFG, Standard Chartered and UBS, among others.\n\n• Security Form and Distribution: Instruments may be issued in bearer or registered form and can be cleared through Euroclear, Clearstream, DTCC or Hong Kong’s CMU system. U.S. offers will be limited to qualified institutional buyers under Rule 144A, while Regulation S will govern offshore placements.\n\n• Programme Ratings: The announcement states that individual tranches may be rated or unrated; ratings, if assigned, will be disclosed in the relevant pricing supplements.\n\n• Board Confirmation: The Board affirms that the instruments are compliant with Hong Kong’s regulatory framework and confirms they are not meant for public retail distribution.\n\nThe updated programme provides SHK PPT with continued flexibility to access global debt markets and issue securities in multiple currencies and formats over the next 12 months.

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