Hong Kong-listed developer Sun Hung Kai Properties on Thursday night priced a $275 million bond to add to its existing $500 million bonds maturing 2016. Citi was the sole bookrunner.
HSBC has historically been the house banker for Sun Hung Kai Properties although Standard Chartered arranged the $500 million five-year bond that priced in October last year on a sole basis. The last time Citi had arranged a bond for Sun Hung Kai was back in 2007, when it priced a $300 million 10-year bond jointly with HSBC.
Citi announced the tap for Sun Hung Kai Properties at 3pm on Thursday late by usual standards...
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