Goodman Hong Kong Logistics Fund Successfully Prices Inaugural Euro Medium Term Note Issuance
Goodman Hong Kong Logistics Fund Successfully Prices Inaugural Euro Medium Term Note Issuance
PR57055
HONG KONG, June 13, 2014 /PRN=KYODO JBN / --
Goodman Hong Kong Logistics Fund (GHKLF or Fund) is pleased to announce that
it has successfully priced its inaugural US$400 million Euro Medium Term Note
issuance.
The notes issuance was well supported by some of the strongest institutional
investors in the market and was over 4.5 times oversubscribed.
The proceeds of the notes will be used to repay existing debt facilities.
Philip Pearce, Managing Director Greater China for Goodman, said, "We are
pleased with the overwhelming response for the notes issuance and wish to thank
investors for their support. The notes issuance is an important step for GHKLF
to optimise its financing structure following the recent portfolio expansion.
It is consistent with GHKLF's debt strategy of extending debt maturities and
diversifying funding sources."
"The over-subscription underscores investors' confidence in GHKLF's strong
fundamentals, which are underpinned by the Fund's leading market position in
Hong Kong, its quality portfolio and customer base, and the sponsorship and
management by Goodman Group," Mr Pearce added.
As at 31 March 2014, GHKLF has an asset portfolio of HK$19.2 billion, making
it the leading and most diversified provider of modern warehouse and logistics
space in Hong Kong. GHKLF has been rated a "BBB+" long term corporate credit
rating by Standard & Poor's, with a "Stable" outlook.
About Goodman
Goodman Group is an integrated property group with operations throughout
Australia, New Zealand, Asia, Europe, the United Kingdom, North America and
Brazil. Goodman Group, comprised of the stapled entities Goodman Limited,
Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest
industrial property group listed on the Australian Securities Exchange and one
of the largest listed specialist fund managers of industrial property and
business space globally.
Goodman's global property expertise, integrated own+develop+manage customer
service offering and significant fund management platform ensures it creates
innovative property solutions that meet the individual requirements of its
customers, while seeking to deliver long-term returns for investors
For more information, please visit www.goodman.com.
For further information, please contact:
Goodman
Elizabeth Gualtieri
Marketing Director Asia (ex Japan)
Tel: +852-2249-3173
Citigate Dewe Rogerson
Jasmine Yap
Co-Managing Director
Tel +852-3103-0108 / 9325-3363
Crystal Yip
Associate Director
Tel +852-3103-0106 / 9720-6445
SOURCE: Goodman Group
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