Sun Hung Kai Properties joins perpetual rush

The blue-chip property developer returns to the dollar bond market for the first time in three years, selling its first perpetual bond at a new record low coupon.

Ray Chan

May 17, 2017

Sun Hung Kai Properties, Hong Kong’s largest developer by market capitalisation, returned to the international bond market for the first time in three years, pricing a $500 million fixed-for-life perpetual bond at the lowest-ever coupon paid by any Asian issuer in the structure.

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