Sun Hung Kai & Co. (BVI) Limited (the “Issuer”) has officially introduced a US$3,000,000,000 Guaranteed Medium Term Note Programme, unconditionally and irrevocably guaranteed by Sun Hung Kai & Co. Limited (the “Guarantor”, Stock Code: 86). The Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited have not verified the contents of this document and disclaim responsibility for any inaccuracies therein.
Under the Programme, the Issuer may issue medium term notes to professional investors. Any notes to be listed in Hong Kong will only be offered to professional investors (as defined in Chapter 37 of the Listing Rules). The Programme and listed notes are aimed at institutional buyers, indicating they are inappropriate for retail investors.
According to the announcement, the Issuer is a British Virgin Islands entity, established solely to raise debt finance for Sun Hung Kai & Co. Limited. The notes issued under the Programme will be obligations of the Issuer, unconditionally and irrevocably guaranteed by the Guarantor. The total aggregate nominal amount outstanding at any time under the Programme will not exceed US$3,000,000,000.
As disclosed, the Guarantor’s board of directors comprises Executive Directors, Non-Executive Directors, and Independent Non-Executive Directors. Sun Hung Kai & Co. Limited reaffirms that those notes intended for listing on the Hong Kong Stock Exchange will only be available to professional investors, taking into account the stipulations of Hong Kong’s regulatory framework.
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