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00754 HOPSON DEV HOLD
RTNominal up2.450 +0.090 (+3.814%)
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21/06/2019 09:01

Hopson Dev (00754) to issue US$500 million senior notes

[ET Net News Agency, 21 June 2019] Hopson Development Holdings Limited (00754) said the
company will issue senior notes due 27 June 2022 in an aggregate principal amount of
US$500 million.
The interest rate is 7.5% per annum, payable semi-annually in arrears on 27 June and 27
December of each year. The first interest payment will be due on 27 December 2019. The
issue price is 100% of the principal amount of the senior notes.
The gross proceeds from the issue will be approximately US$499.9 million. The company
intends to use them for project investments, constructions, refinancing and general
corporate purposes. (RC)

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