New Issue: China South City prices $300 million 7¼% notes due 2022 at 97.96

By Wendy Van Sickle

Columbus, Ohio, Nov. 13 – China South City Holdings Ltd. priced $300 million of 7¼% five-year senior notes at 97.96 on Monday, according to an announcement.

UBS, Credit Suisse, HSBC, Guotai Junan International, AMTD, China Securities International, Haitong International and China Merchants Securities (HK) are the joint bookrunners and joint lead managers for the proposed Regulation S deal. UBS, Credit Suisse, HSBC and Guotai Junan International also are joint global coordinators.

Proceeds will be used to refinance existing debt and for general corporate purposes.

Based in Hong Kong, China South City develops and operates large-scale, integrated logistics and trade centers in China.

Issuer:	China South City Holdings Ltd.
Issue:	Senior notes
Amount:	$300 million
Maturity:	Nov. 20, 2022
Bookrunners:	UBS, Credit Suisse, HSBC, Guotai Junan International, AMTD, China Securities International, Haitong International and China Merchants Securities (HK)
Coupon:	7¼%
Price:	97.96
Call option:	In whole at par plus an applicable premium or up to 35% of the notes under equity claw-back option at 107.25
Pricing date:	Nov. 13
Settlement date:	Nov. 20
Expected ratings:	S&P: B-
	Fitch: B
Distribution:	Regulation S

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