Sunlight Real Estate Investment Trust Issued HK$300 Million Five-year Medium Term Notes

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
- Advertisement -

HONG
KONG SAR – Media OutReach – 26 November 2020 – Henderson Sunlight Asset Management Limited (the “Manager“) is pleased to announce that Sunlight Real Estate
Investment Trust
(“Sunlight REIT“)
has completed its first HK$300 million five-year medium term notes (the “Notes“) today.  This successful inaugural Hong Kong dollar
fixed-rate issuance marks a major milestone of Sunlight REIT, testifying to its
credit quality amidst a challenging economic environment.

As
part of the US$1,000,000,000 guaranteed medium term note programme which was reactivated
in April this year, the Notes carry a tenor of five years and a coupon rate of 2.00%.
CMB Wing Lung Bank Limited (“CMB Wing
Lung
“) and CMB International Capital Limited (“CMBI“) are the joint placing agents of the Notes.

- Advertisement -

Mr.
Wu Shiu Kee, Keith, Chief Executive Officer
of the Manager, said,
“We are delighted to have partnered
with CMB Wing Lung and CMBI in launching this maiden medium term note issue of
Sunlight REIT, with the competitive pricing of the Notes clearly demonstrating its
strong capital market recognition. Similar to the Japanese yen 7,000 million
sustainability-linked loan completed last month, this financing exercise once
again illustrates the Manager’s commitment to diversifying Sunlight REIT’s
sources of funding, while strengthening its exposure to fixed rate borrowing.”

Mr.
Wilson He, Assistant General Manager
of CMB Wing
Lung, said, “We are truly grateful to have such opportunity to support Sunlight
REIT’s issuance of the Notes and it is a move to further underpin our
collaboration in the future.”

Read Also:  Donnie Yen appointed as International Image Ambassador of Hong Kong Fire Services Department

About Sunlight REIT

- Advertisement -

Sunlight
REIT (Stock code: 435) is a real estate investment trust authorized by the
Securities and Futures Commission and constituted by the trust deed dated 26
May 2006 (as amended and supplemented by six supplemental deeds) (the “Trust
Deed
“), and has been listed on The Stock Exchange of Hong Kong Limited on
21 December 2006. Sunlight REIT offers investors the opportunity to invest in a
diversified portfolio of 11 office and five retail properties in Hong Kong with
a total gross rentable area of over 1.2 million sq. ft.. The office properties
are primarily located in core business areas, including Wan Chai and Sheung
Wan, as well as in decentralized business areas such as Mong Kok and North
Point. The key retail properties are situated in regional transportation hubs
and new towns including Sheung Shui, Tseung Kwan O and Yuen Long.

Read Also:  Aon Announces 2020 Round the Island Challenge

About the Manager

The Manager of Sunlight REIT is an
indirect wholly-owned subsidiary of Henderson Land Development Company Limited
(
恒基兆業地產有限公司). Its main responsibility is to
manage Sunlight REIT and all of its assets in accordance with the Trust Deed in
the sole interest of its unitholders.


- Advertisement -

Disclaimer: The information contained
in this press release does not constitute an offer or invitation to sell or the
solicitation of an offer or invitation to purchase or subscribe for units in
Sunlight REIT in Hong Kong or any other jurisdiction.


Sunlight Real Estate Investment Trust Issued HK$300 Million Five-year Medium Term Notes

- Advertisement -
Sunlight Real Estate Investment Trust Issued HK$300 Million Five-year Medium Term Notes - Brand SpurSunlight Real Estate Investment Trust Issued HK$300 Million Five-year Medium Term Notes - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -
Sunlight Real Estate Investment Trust Issued HK$300 Million Five-year Medium Term Notes - Brand SpurSunlight Real Estate Investment Trust Issued HK$300 Million Five-year Medium Term Notes - Brand Spur

Latest News

5 Ways Your Data Could Be Hurting Customer Retention

According to a now-classic article in the Harvard Business ReviewExternal Website. Opens New Window, depending on the study and...

Okomu Oil Palm Generated N20.50bn Revenue…PAT up by 46.28%

Okomu Oil Palm Company PLC 2020 year-end financials show a significant 24.08% revenue growth when compared to the full year 2019 turnover. This was...

Flour Mills of Nigeria continues its strong performance with Q3 results ahead of the first two quarters and solid growth in all segments

January 26, 2021 - Flour Mills of Nigeria Plc, Nigeria’s leading integrated food business and agro-allied group, owners of the iconic food brand -...

Nearly 60% of Global Bank Rating Outlooks Are Still Negative

Fitch Ratings - 26 January 2021: A newly-updated interactive country-by-country map of bank rating trends from Fitch Ratings shows that nearly 60% of bank...

MPC Leaves All Rates Unchanged

At the end of the two-day bi-monthly MPC meeting, all policy levers were maintained following a unanimous vote of all members of the committee. ...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Sunlight Real Estate Investment Trust Issued HK$300 Million Five-year Medium Term Notes - Brand SpurSunlight Real Estate Investment Trust Issued HK$300 Million Five-year Medium Term Notes - Brand Spur