New York, April 20 – China SCE Property Holdings Ltd. priced a $300 million add on to its 5 7/8% senior notes due 2022 at 99.471, according to an announcement from the company.
HSBC, Deutsche Bank and Haitong International are joint global coordinators and, along with Bank of China and VTB Capital, joint lead managers and joint bookrunners.
China SCE previously issued $200 million of the notes on March 10.
Proceeds will be used to refinance existing debt and for working capital purposes.
China SCE Property is a property developer based in Xiamen, China.
| Issuer: | China SCE Property Holdings Ltd.
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| Issue: | Senior notes
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| Amount: | $300 million add on
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| Maturity: | 2022
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| Coupon: | 5 7/8%
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| Price: | 99.471
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| Pricing date: | April 20
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| Bookrunners: | HSBC, Deutsche Bank, Haitong International (global coordinators), Bank of China, VTB Capital
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| Distribution: | Regulation S
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| Original issue: | $200 million that closed on March 10
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