Published on 4/9/2019 in the Prospect News Emerging Markets Daily.
New Issue: China SCE prices $350 million 7 3/8% notes due 2024
By Rebecca Melvin
New York, April 9 – China SCE Group Holdings Ltd. priced $350 million of 7 3/8% notes due 2024 (B), according to a company announcement.
HSBC, Standard Chartered Bank, BofA Merrill Lynch, Deutsche Bank, JPMorgan, UBS and BOSC International were joint global coordinators, joint bookrunners and joint lead managers for the Regulation S offering.
Proceeds are earmarked to refinance existing offshore debt.
China SCE is a Xiamen, China-based property developer.
| Issuer: | China SCE Group Holdings Ltd.
|
| Issue: | Senior notes
|
| Amount: | $350 million
|
| Maturity: | 2024
|
| Joint bookrunners: | HSBC, Standard Chartered Bank, BofA Merrill Lynch, Deutsche Bank, JPMorgan, UBS and BOSC International
|
| Coupon: | 7 3/8%
|
| Announcement date: | April 9
|
| Effective date: | April 10
|
| Rating: | S&P: B
|
| Distribution: | Regulation S
|
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