HONG KONG's Modern Terminals is seeking to raise US$1 billion on the
debt market by issuing Medium Term Notes with HSBC and Standard
Chartered acting as joint arrangers.
Modern Terminals, with 1,900 employees, operates container ports in Hong Kong, Shenzhen and at Taicang on the Yangtze upstream from Shanghai.
The notes, including bearer and registered notes, will be issued in
tranches over time via HSBC, Standard Chartered, Mizuho Securities Asia Limited and Morgan Stanley, acting as dealer and
the Deutsche Bank is acting as agent.
The notes will be issued on a syndicated or non-syndicated basis in
series with each series having one or more issue dates. Each series may
be issued in tranches with each tranche with the same or different issue dates.
The clearing systems will be the CMU Service, Clearstream, Luxembourg
and Euroclear.
The Global Note representing bearer notes or exchangeable bearer notes
or Global Certificates representing registered notes may be deposited
with a common depositary for Euroclear and Clearstream, Luxembourg or
deposited with a sub-custodian for the CMU Service.
PORTS
16 January 2013 - 23:13
Modern Terminals has established a US$1 billion Medium Term Note Programme
Modern Terminals has established a US$1 billion Medium Term Note Programme with HSBC and Standard Chartered acting as joint arrangers.
PORTS
16 January 2013 - 23:13
This news 5380 hits received.
These news may also interest you