HK's Henderson Land to raise US$1bil via bond issue
The firm said it intends to use net proceeds of the raised amount for general corporate purposes and refinancing.
The company added that the raising would "diversify the funding sources of the group" for its ongoing business development.
Henderson Land had proposed the issuance of the bonds earlier in the day in a separate statement, but did not mention the amount to be raised at the time.
The net proceeds from the issue of the bonds will be around HK$7.92 billion, the firm said.
The property developer said an application for the bonds to be listed on the Vienna MTF operated by the Vienna Stock Exchange or other internationally recognised stock exchanges will be made by the firm, along with another application for a listing on the Hong Kong Stock Exchange.
The company was founded by Hong Kong property magnate Lee Shau Kee, , one of the city's richest men, who passed away in late March at the age of 97.
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