Sun Hung Kai Properties (HKG:0016) filed a prospectus on Thursday to potentially raise $10 billion by offering debt instruments.
The company said its unit, Sun Hung Kai Properties Capital Markets, will issue the debt, and the offering proceeds will fund its subsidiaries' working capital, according to the 180-page prospectus.
HSBC is acting as the lead arranger for the debt offering, which has 18 dealers listed, including Citigroup, Morgan Stanley, and Goldman Sachs Asia.
Shares were last down 2.8% in noon trading.
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