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HongKong Land Mandates SGD 500 Million Five & Ten-Year Fixed Rate Notes Issue
8th September 2005 - Hongkong Land Holdings Limited today announced that DBS Bank Ltd. and The Hongkong and Shanghai Banking Corporation Limited have been mandated as Joint Lead Managers for a SGD500 million five and ten-year fixed rate notes issue. The notes, which will be guaranteed by Group company, The Hongkong Land Company, Limited, will be listed on the Singapore Exchange.
The offering will be launched following the completion of a roadshow, which will be conducted in Singapore next week. Proceeds of the issue will be used for the Group's general corporate funding requirements.
Further details will be released upon completion of the transaction.
Hongkong Land is a leading property investment, management and development group with a major portfolio in Hong Kong, where it owns and manages some five million sq. ft of prime office and retail space in the heart of the Central business district. It also develops high quality property projects elsewhere in Asia. Hongkong Land Limited manages these assets from Hong Kong by providing services to Group companies.
Hongkong Land Holdings Limited is incorporated in Bermuda with its primary share listing in London. The Company's shares are also listed in Bermuda and Singapore.
Hongkong Land is a member of the Jardine Matheson Group.
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For further information, please contact:
Hongkong Land Limited
Geoffrey M Brown (852) 2842 8138
GolinHarris
CT Hew (852) 2522 7928
This and other Group announcements can be accessed through the Internet at €˜www.hkland.com'.