CK Asset backs new US$5bn euro medium term note program

CK Asset Holdings (HKEX:1113) has announced its guarantee for a new U.S.$5 billion Euro Medium Term Note Programme established by CK Property Finance (MTN) Limited. The program, detailed in an offering circular released today, allows CK Property Finance to issue notes denominated in various currencies, with payments guaranteed by CK Asset Holdings. The notes are intended for purchase by professional investors only and will be listed on the Hong Kong Stock Exchange. The program's listing is not an indicator of commercial merit or credit quality. HSBC, BofA Securities, and Mizuho are listed as the arrangers and dealers for the program. The offering circular specifies important notices regarding distribution restrictions, particularly within the United States, and emphasizes that the notes are not intended for retail investors in Hong Kong.