China’s DaFa Properties plans dollar-denominated guaranteed notes

Chicago, July 27 – DaFa Properties Group Ltd. announced that the company is planning an international offering of dollar-denominated guaranteed fixed-rate notes (B3), subject to market conditions.

HSBC Ltd., Credit Suisse (Hong Kong) Ltd., Guotai Junan Securities (Hong Kong) Ltd., UBS AG Hong Kong Branch, CMB International Capital Ltd. and Deutsche Bank AG, Hong Kong Branch are arrangers for the Regulation S transaction, according to a news release.

DaFa will use the proceeds to refinance debt.

DaFa is a real estate developer based in Shanghai.

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