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Goodman Hong Kong Logistics Fund successfully prices Inaugural Euro Medium Term Note issuance

Friday, 13 June 2014

Goodman Hong Kong Logistics Partnership (GHKLP) 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.


For further information, please contact:

Elizabeth Gualtieri
Marketing Director Asia (ex Japan)
Tel + 852 2249 3173

Citigate Dewe Rogerson
Jasmine Yap                       Crystal Yip
Co-Managing Director          Associate Director
Tel +852 3103 0108            Tel +852 3103 0106

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About Goodman Hong Kong Logisitcs Partnership (GHKLP)

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