Hong Kong's Hysan selling perpetual dollar bonds, term sheet shows
04/03/2025 02:31
HONG KONG, March 4 (Reuters) - Hong Kong commercial property developer Hysan Development 0014.HK is selling perpetual dollar bonds at an initial guided rate of 7.6%, according to a term sheet seen by Reuters on Tuesday. The bonds are callable after 5.5 years and the distribution rate will reset every five years after 5.5 years. Crédit Agricole, DBS, HSBC, J.P. Morgan, Mizuho and UBS are joint bookrunners. (Reporting by Scott Murdoch; Editing by Muralikumar Anantharaman) ((clare.jim@thomsonreuters.com;))
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