To: All Finance/Business/Real Estate/Travel Editors
FOR IMMEDIATE RELEASE 11 June, 2025
The Hongkong and Shanghai Hotels announces inaugural JPY 16 billion
Private Samurai Bond offering to enhance financial flexibility and broaden funding base
Hong Kong, 11 June 2025 - The Hongkong and Shanghai Hotels, Limited (HSH) is pleased to announce that it has successfully issued its debut Private Samurai Bond offering on 6 June 2025. The Japanese Yen (JPY) 16 billion (approximately USD 112 million) Private Samurai Bonds are rated A by both the Japan Credit Rating Agency, Ltd and Rating & Investment Information, Inc. The transaction, jointly arranged by Mizuho Securities Co., Ltd. and SMBC Nikko Securities Inc., was issued by Peninsula Tokyo Finance Services Limited and is fully guaranteed by HSH.
The proceeds will be used for refinancing, capital expenditure and general working capital in connection with the operation of The Peninsula Tokyo. It also diversifies HSH’s funding channels by engaging long-term institutional investors in the Japanese bond market.
Despite recent market volatility driven by global macroeconomic uncertainty, HSH received strong interest from investors with the longest tenor offering up to six years which demonstrated HSH’s effective funding strategy of optimising its debt maturity profile.
“This successful bond issue reflects the confidence investors have in our long-term strategy and financial strength,” said Mr Benjamin Vuchot, Chief Executive Officer of HSH. “It also enhances our financial flexibility as we continue to invest in the future of our business.”
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About The Hongkong and Shanghai Hotels, Limited (Stock Code: 45)
Incorporated in 1866 and listed on the Hong Kong Stock Exchange, The Hongkong and Shanghai Hotels, Limited is the holding company of a group which is engaged in the ownership, development, and management of prestigious hotels and commercial and residential properties in key locations in Asia, Europe and the United States, as well as the provision of tourism and leisure, retail and other services. The Peninsula Hotels portfolio comprises The Peninsula Hong Kong, The Peninsula Shanghai, The Peninsula Beijing, The Peninsula Tokyo, The Peninsula London, The Peninsula Paris, The Peninsula Istanbul, The Peninsula New York, The Peninsula Chicago, The Peninsula Beverly Hills, The Peninsula Bangkok and The Peninsula Manila. The property portfolio of the group includes The Repulse Bay Complex, The Peak Tower and St. John’s Building in Hong Kong; The Landmark in Ho Chi Minh City, Vietnam and 21 avenue Kléber in Paris, France. The Peak Tram, Retail and Others portfolio of the group includes The Peak Tram in Hong Kong; The Quail in Carmel, California; Peninsula Clubs and Consultancy Services, Peninsula Merchandising, and Tai Pan Laundry in Hong Kong.
For further information on this release, please contact:
The Hongkong and Shanghai Hotels, Limited
Websites: www.hshgroup.com www.peninsula.com
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