Sun Hung Kai Properties (Capital Market) plans to issue $10 billion in debt instruments guaranteed by Sun Hung Kai Properties (HKG:0016), its parent company, according to a Tuesday filing with the Hong Kong bourse.
The debts may be issued in multiple tranches with maturities between 30 days and 30 years. There is no preset interest rate, and instruments may be issued with or without an interest rate. Interest rates may be fixed or floating rates.
The debt instruments may be issued in different currencies, which will be with certain restrictions.
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