RRJ, Pimco Invest in HK Developer PCPD’s $500 Million Bond Sale

RRJ Capital and Pacific Investment Management Co. are among investors in a $500 million bond offering from Hong Kong billionaire Richard Li’s Pacific Century Premium Developments Ltd., according to people familiar with the matter.

The investment firms have bought around 80% of the property developer’s new notes that are maturing in May 2029, with RRJ leading the deal, said the people, who asked not to be identified discussing private matters.