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BRIEF-Pacific Century Premium Developments enterd into subscription agreement
March 3, 2017 / 12:15 AM / 9 months ago

BRIEF-Pacific Century Premium Developments enterd into subscription agreement

March 3 (Reuters) - Pacific Century Premium Developments Ltd :

* Announcement Of the proposed issue of US$500 mln, 4.75 per cent. Bonds due 2022

* Company and joint bookrunners entered into a subscription agreement

* Estimated net proceeds from issue of bonds will be approximately US$495.6 million

* J.P. Morgan Securities PLC, Morgan Stanley & Co. International PLC and Hongkong and Shanghai Banking Corporation Limited as joint bookrunners

* Intends to use net proceeds from issue of bonds for group’s servicing of general corporate debt Source text for Eikon: Further company coverage:

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