A Bermuda-listed firm has issued $400 million worth of ten-year notes.

The issue was announced by Hong Kong Land Holdings, part of the Bermuda-domiciled Jardine Matheson empire.

The issue will be made through The Hong Kong Land Finance (Cayman Islands) Co, a wholly-owned subsidiary of the Hong Kong Land Co, an arm of Hong Kong Land Holdings.

A statement from the firm said: “The proceeds from the issue will be used for general corporate funding requirements.”

John Witt, chief financial officer of Hong Kong Land, said: “This issue again strengthens the group’s capital structure by further extending the overall tenor of our debt.”

The notes will pay a coupon of 4.625 percent, with a reoffered price set at 99.328 percent to yield 4.71 percent a year.

The firm said that approval in principle for the issue had been granted by the Singapore Stock Exchange for the notes to be admitted to the official list of the SGX board.

Three banks, HSBC, DBS and Standard Chartered, acted as joint lead managers and joint bookrunners for the offering.

Mr Witt said: “The strong support from both regional and international investors underlines the credit fundamentals of Hong Kong Land, now in its 125th year.”

Hong Kong Land — one of Asia’s top property investment, management and development groups — holds premium commercial and residential property interests across the region.

The group owns and manages five million square feet of prime commercial space in Hong Kong’s central business district and was a major player in the development of Singapore’s new business hub at Marina City.

It also develops upmarket residential properties in cities across the region, mostly in China and Singapore, where its subsidiary MCL Land, is a major developer.

Hong Kong Land Holdings is incorporated in Bermuda and has a premium listing on the London Stock Exchange and secondary listings on the Bermuda and Singapore Stock Exchanges.