RNS Number : 2068E
Hongkong Land Hldgs Ld
28 May 2012

To: Business Editor                                                                                   For immediate release




28th May 2012 - Hongkong Land Holdings Limited today announced that its wholly-owned subsidiary, The Hongkong Land Company, Limited, has priced US$500 million of 10-year Notes that are to be issued through its wholly-owned subsidiary, The Hongkong Land Finance (Cayman Islands) Company Limited.


The Hongkong and Shanghai Banking Corporation Limited, Mitsubishi UFJ Securities International plc and Standard Chartered Bank acted as Joint Lead Managers and Joint Bookrunners for the offering.


The proceeds from the issue will be used for general corporate funding requirements. The Notes will pay a coupon of 4.5% per annum. The reoffered price of the Notes has been set at 98.796% to yield 4.652% per annum. 


Approval in-principle has been received from the Singapore Exchange Securities Trading Limited (the 'SGX-ST') for the Notes to be admitted to the Official List of the SGX-ST.


The Notes have been rated A2 and A- by Moody's and S&P's, respectively.


John R. Witt, Chief Financial Officer of Hongkong Land said, "This is the second syndicated US dollar issue under the US$3 billion Guaranteed Medium Term Note Programme established in 2009 that is proposed to be listed.  The issue, which received strong support from regional and international institutional investors, strengthens further the Group's capital structure."


Hongkong Land is one of Asia's leading property investment, management and development groups with premium commercial and residential property interests across the region.  The Group owns and manages some 450,000 sq. m. (five million sq. ft) of commercial space in Hong Kong that defines the heart of the Central Business District, while in Singapore it has been instrumental in the creation of the city-state's new Central Business District at Marina Bay.  The Group develops premium residential properties in a number of cities in the region, principally in China and Singapore where its subsidiary, MCL Land, is a significant developer.  Hongkong Land Holdings Limited is incorporated in Bermuda.  It has a premium listing on the London Stock Exchange, and secondary listings in Bermuda and Singapore.  It is a member of the Jardine Matheson Group.


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For further information, please contact:


Hongkong Land Limited

John R. Witt   (852) 2842 8101



Sue So   (852) 2501 7984


This and other Group announcements can be accessed through the Internet at 'www.hkland.com'. This announcement may not be distributed, directly or indirectly, in or into the United States, Canada, or Japan.


Admission of the Notes to the Official List of the SGX-ST is not to be taken as an indication of the merits of the Company, the Programme or the Notes. The SGX-ST assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement.

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