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30-03-2015

Henderson Land Development Company Limited
HK$18 Billion 5-Year Term Loan/Revolving Credit Facility

(30th March 2015, Hong Kong) Henderson Land Development Company Limited (“Henderson Land” or the “Company” (stock code: 12.HK)), one of the leading property companies in Hong Kong, announced that it signed a HK$18 billion 5-year term and revolving credit facility with 22 international and local banks, 9 of which acted as mandated lead arrangers and bookrunners.

The transaction is split evenly between the term loan tranche and the revolving credit tranche, and the borrowing entity is Henderson Land Credit (2015) Limited. It was overwhelmingly received by the banking community, achieving a total of HK$18 billion, which is 3 times the Company’s initial target size of HK$6 billion. This is the largest syndicated loan ever concluded by Henderson Land. The margin for participating banks was fixed at 108bp for a tenor of 5 years. This unsecured facility refinances a 5-year HK$13.25 billion syndicated loan signed in June 2010.

This landmark transaction gives a strong vote of confidence and endorsement in Henderson Land’s outstanding results and prospects by its relationship banks. By concluding favourable loan pricing and obtaining a flexible structure to include a revolving credit limit to cater for its refinancing needs, this loan transaction further enhances Henderson Land’s capital structure while at the same time giving an impetus to the Hong Kong loan market at the beginning of 2015.

The 22 banks are enlisted as follows:

Joining as Mandated Lead Arrangers and Bookrunners –
 
Bank of China (Hong Kong) Limited
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Mizuho Bank, Ltd.
 
Bank of Communications Co., Ltd. Hong Kong Branch
The Hongkong and Shanghai Banking Corporation Limited
National Bank of Abu Dhabi PJSC, Hong Kong Branch
 
BNP Paribas Hong Kong Branch
Oversea-Chinese Banking Corporation Limited Hong Kong Branch
Sumitomo Mitsui Banking Corporation
 

Joining as Mandated Lead Arranger –
 
United Overseas Bank Limited
 
Joining as Lead Arrangers -
 
Bank of America, N.A.
Bank of East Asia
China Construction Bank (Asia) Corporation Limited
Crédit Agricole Corporate and Investment Bank
DBS Bank Ltd
Hang Seng Bank Limited
Industrial and Commercial Bank of China (Asia) Limited
ING Bank N.V.
 
Joining as Managers -
 
China Merchants Bank Co., Ltd., Hong Kong Branch
Standard Chartered Bank (Hong Kong) Limited
Sumitomo Mitsui Trust Bank, Limited, Hong Kong Branch
Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch

Defrauders Alert

We wish to alert the public of fraudulent emails and messages, purported to be sent from Lee Shau Kee Foundation (“the Foundation”) or Dr Lee Shau Kee (“Dr Lee”), in an attempt to deceive the recipients into believing that they have been granted a monetary donation / funds by the Foundation or Dr Lee.

These fraudulent emails and messages were sent from free webmail addresses such as “leeshaufamilyfoundation@gmail.com”, “skl.foundation11@hotmail.com”, “leeshaukee5@gmail.com”, or via Facebook Messenger from fraudulent social media account such as “https://www.facebook.com/ezekiel.haruna.5915”.

We hereby clarify that neither the Foundation nor Dr Lee has proactively sent any emails or messages to individuals and/or companies offering any funds / grants. The Foundation and Dr Lee would not use any free webmail account and have not opened or maintained any social media account. The Foundation and Dr Lee have no connection whatsoever with these fraudulent emails, messages and social media accounts. We have reported the matter to the Hong Kong Police for investigation.

Members of the public should be vigilant with regard to fraudulent emails or messages, and should always exercise due care in disclosing any personal data and information, or in acting upon any request for payment from unverified sources. Please report to the police in case of suspicious of fraud.

For further enquiries, please contact us at Webmaster@hld.com.