By Christine Van Dusen
Atlanta, Jan. 11 – China Jinmao Holdings Group Ltd. – via Franshion Brilliant Ltd. – priced $500 million 5¾% perpetual notes at 99.523, according to a company filing.
Goldman Sachs and HSBC were the bookrunners for the Regulation S deal.
The proceeds will be used to refinance debt, for working capital and for other general corporate purposes.
China Jinmao is a Hong Kong-based investment holding company that invests in and develops real estate in mainland China.
| Issuer: | Franshion Brilliant Ltd.
|
| Amount: | $500 million
|
| Maturity: | Perpetual
|
| Description: | Notes
|
| Bookrunners: | Goldman Sachs, HSBC
|
| Coupon: | 5¾%
|
| Price: | 99.523
|
| Trade date: | Jan. 10
|
| Settlement date: | Jan. 17
|
| Rating: | Moody’s: Ba2
|
| Distribution: | Regulation S
|
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