Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities referred to herein.
This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities of the Company in or into the United States or to U.S. Persons (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")) or in any other jurisdiction. The securities referred to herein have not been and will not be registered under the Securities Act, or the securities laws of any State of the United States or other jurisdiction, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the Securities Act ("Regulation S")) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws. This announcement and the information contained herein are not for distribution, directly or indirectly, in or into the United States or to U.S. Persons (as defined in Regulation S under the Securities Act) or in any other jurisdiction. The securities will be offered only outside the United States to non-U.S. Persons (as defined in Regulation S under the Securities Act) in reliance on Regulation S. No public offering of the securities will be made in or into the United States or to U.S. Persons (as defined in Regulation S under the Securities Act) or to the public in Hong Kong or in any other jurisdiction where such an offering is restricted or prohibited.
(Incorporated in Hong Kong with limited liability)
(Stock Code: 3360)
VOLUNTARY ANNOUNCEMENT MEDIUM TERM NOTE DRAWDOWN UNDER
THE US$4,000,000,000 MEDIUM TERM NOTE AND PERPETUAL
SECURITIES PROGRAMME
BY FAR EAST HORIZON LIMITED
Reference is made to the Company's announcement dated 22 September 2020 in relation to the update of the Programme whereby the Company has the option of offering and issuing medium term notes and/or perpetual securities under the Programme.
The Board is pleased to announce that on 24 February 2021, the Company and the Joint Lead Managers entered into the Subscription Agreement to carry out a drawdown under the Programme to offer and issue the Drawdown Notes in an aggregate nominal amount of US$500,000,000 on 3 March 2021, which are exempt from the registration requirements under the Securities Act. The Drawdown Notes are denominated in United States dollars.
The Drawdown Notes are expected to be rated BBB- by S&P. Such rating of the Drawdown Notes does not constitute a recommendation to buy, sell, or hold the Drawdown Notes and may be subject to revision or withdrawal at any time by S&P. Such rating should be evaluated independently of any other rating of the other securities of the Company or rating of the Company.
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Application has been made to the Stock Exchange for the listing of, and permission to deal in the Drawdown Notes by way of debt issues to professional investors (as defined in Chapter 37 of the Listing Rules) only. Permission to deal in the Drawdown Notes is expected to become effective on or about 4 March 2021.
This is a voluntary announcement made by the Company.
MEDIUM TERM NOTE DRAWDOWN UNDER THE MEDIUM TERM NOTE AND PERPETUAL SECURITIES PROGRAMME BY THE COMPANY
Reference is made to the Company's announcement dated 22 September 2020 in relation to the update of the Programme whereby the Company has the option of offering and issuing medium term notes and/or perpetual securities under the Programme.
The Board is pleased to announce that on 24 February 2021, the Company and the Joint Lead Managers entered into the Subscription Agreement to carry out a drawdown under the Programme to offer and issue the Drawdown Notes in an aggregate nominal amount of US$500,000,000 on 3 March 2021, which are exempt from the registration requirements under the Securities Act. The Drawdown Notes are denominated in United States dollars.
PRINCIPAL TERMS OF THE DRAWDOWN NOTES
Issuer | : | Far East Horizon Limited (Ⴣ؇҃ڦϞࠢʮ̡) |
Joint Global Coordinators, | : | BNP Paribas, Guotai Junan Securities (Hong Kong) Limited, |
Joint Bookrunners and | MUFG Securities Asia Limited and SMBC Nikko Capital | |
Joint Lead Managers | Markets Limited | |
Joint Bookrunners and | : | China Everbright Bank Co., Ltd., Hong Kong Branch, |
Joint Lead Managers | Emirates NBD Bank PJSC, Industrial Bank Co., Ltd. Hong | |
Kong Branch and The Bank of East Asia, Limited | ||
Issue Currency | : | United States dollars |
Issue Size | : | US$500,000,000 |
Issue Price | : | 99.966% of the aggregate nominal amount of the Drawdown |
Notes | ||
Coupon | : | 2.625% |
Pricing Date | : | 24 February 2021 |
Issue Date | : | 3 March 2021 |
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The Drawdown Notes are expected to be rated BBB- by S&P. Such rating of the Drawdown Notes does not constitute a recommendation to buy, sell, or hold the Drawdown Notes and may be subject to revision or withdrawal at any time by S&P. Such rating should be evaluated independently of any other rating of the other securities of the Company or rating of the Company.
Application has been made to the Stock Exchange for the listing of, and permission to deal in the Drawdown Notes by way of debt issues to professional investors (as defined in Chapter 37 of the Listing Rules) only. Permission to deal in the Drawdown Notes is expected to become effective on or about 4 March 2021.
DEFINITIONS
"Board" | the board of Directors of the Company |
"Company" | Far East Horizon Limited (Ⴣ؇҃ڦϞࠢʮ̡), whose shares are |
listed on the main board of the Stock Exchange | |
"Directors" | the directors of the Company |
"Drawdown Notes" | US$500,000,000 2.625 per cent. Notes due 2024 offered and |
issued by the Company pursuant to a drawdown under the | |
Programme, as set out in this announcement | |
"Hong Kong" | the Hong Kong Special Administrative Region of the People's |
Republic of China | |
"Joint Lead Managers" | BNP Paribas, Guotai Junan Securities (Hong Kong) Limited, |
MUFG Securities Asia Limited, SMBC Nikko Capital Markets | |
Limited, China Everbright Bank Co., Ltd., Hong Kong Branch, | |
Emirates NBD Bank PJSC, Industrial Bank Co., Ltd. Hong Kong | |
Branch and The Bank of East Asia, Limited | |
"Listing Rules" | the Rules Governing the Listing of Securities on the Stock |
Exchange | |
"Programme" | the US$4,000,000,000 medium term note and perpetual securities |
programme of the Company | |
"S&P" | S&P Global Ratings, a division of S&P Global Inc. |
"Stock Exchange" | The Stock Exchange of Hong Kong Limited |
"Subscription Agreement" | the subscription agreement dated 24 February 2021 entered into |
between the Company and the Joint Lead Managers in relation to | |
the issue of the Drawdown Notes | |
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"US$"
United States dollars, the lawful currency of the United States of America
"%"
Hong Kong, 3 March 2021
per cent.
By order of the Board Far East Horizon Limited
KONG Fanxing
Chief Executive Officer and Executive Director
As at the date of this announcement, the executive directors of the Company are Mr. KONG Fanxing and Mr. WANG Mingzhe, the non-executive directors of the Company are Mr. NING Gaoning (Chairman), Mr. YANG Lin, Mr. LIU Haifeng David, Mr. KUO Ming-Jian and Mr. John LAW, and the independent non-executive directors of the Company are Mr. CAI Cunqiang, Mr. HAN Xiaojing, Mr. LIU Jialin and Mr. YIP Wai Ming.
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Far East Horizon Ltd. published this content on 03 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2021 12:13:00 UTC.