Asia
Shui On Land Unit to Issue $150 Million in Debt
Shui On Land (HKG:0272) said its Shui On Development unit plans to issue $150 million in offshore debt, according to a Hong Kong bourse filing Monday.The property developer's shares fell nearly 2% in late morning trade Tuesday.The debt will be offered as 9.75% senior notes due 2029 and guaranteed by the group.The notes will be listed in Singapore and proceeds raised will be used to refinance the company's existing borrowings.
HKG:0272
