Sun Hung Kai sells $320m in 7-year fixed rate bonds
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Singapore
SUN Hung Kai Properties has sold $320 million in seven-year fixed rate bonds, with investors shrugging off the trial in Hong Kong of its owners for alleged corruption.
The $320 million sale done on Thursday - a privately placed deal to institutional investors - closed in 2.5 hours and was priced at 3.25 per cent, said sources yesterday.
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