June 12, 2017 / 6:30 AM / a month ago

BRIEF-Shui On Land says unit proposes to conduct an international offering of securities

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June 12 (Reuters) - Shui On Land Ltd :

* ‍Shui On Development proposes to conduct an international offering of securities to institutional investors in Asia and Europe​

* ‍Securities are expected to be issued by Shui On Development and guaranteed by co​

* Intends to use net proceeds from securities to repay existing indebtedness with near term maturities and remainder to fund capital expenditures Source text for Eikon: Further company coverage:

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