Pacific Century Premium Developments' (HKG:0432) indirect wholly owned subsidiary, PCPD Capital, intends to issue $500 million of 7.5% guaranteed notes due 2029, according to a Monday Hong Kong bourse filing.
Net proceeds from the offering will be used for debt repayment and general corporate purposes.
The notes will mature on May 15, 2029, unless previously redeemed or repurchased, and are intended to be listed on the Singapore Exchange.
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