Feb. 28, 2007 (China Knowledge) – Hong Kong development giant Sun Hung Kai Properties is planning to raise at least US$300 million from a bond sale, its second bond offering since October last year.

Sun Hung Kai Properties had raised S$270 million by selling a three-year bond in October to fund its property projects in Singapore.

Citigroup and HSBC have been hired to handle the bond sale, with pricing expected to be fixed by the end of this week, according to a South China Morning Post report citing sources close to the matter.

The report also said that the bonds would have a maturity of 10 years, and were expected to be rated A1 by Moody's Investors Service.