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Li & Fung proposes inaugural bond offering

03
May '07
Hong Kong-based global consumer goods exporter Li & Fung Limited rated A3 (stable) by Moody's and A- (stable) by Standard & Poor's, proposes to conduct an international offering of US-dollar Reg. S notes with a 10-year maturity to institutional investors.

Li & Fung has appointed Citi and HSBC to be the joint lead managers and joint bookrunners for the inaugural bond offering.

No agreement has been entered into by Li & Fung in relation to the proposed offering as at the date of this press release, and the proposed offering may or may not proceed. A further press release in respect of the proposed offering will be made by Li & Fung as and when appropriate.

Li & Fung Limited is the world's leading buying agency for consumer goods, managing the supply chain for retailers and brands worldwide.

Headquartered in Hong Kong, the Group services its customers globally through a sourcing network of over 70 offices in more than 40 economies.

Li & Fung Limited


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