China’s CAR plans to issue dollar-denominated senior notes

By Marisa Wong

Los Angeles, March 23 – CAR Inc. is proposing to issue dollar-denominated senior notes (Caa1/B-), according to a company announcement.

Pricing will be determined through a bookbuilding exercise conducted by China International Capital Corp. Hong Kong Securities Ltd., Goldman Sachs (Asia) LLC and J.P. Morgan Securities plc as joint global coordinators, joint lead managers and joint bookrunners. China Citic Bank International Ltd. will be act as co-manager.

Proceeds from the Regulation S offering will be used to repay existing debt and for general corporate purposes.

CAR is a Chaoyang, China-based car rental and used car company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.