New Issue: Dexin China Holdings prices $200 million 11 7/8% notes due 2022

By Rebecca Melvin

New York, Jan. 21 – Dexin China Holdings Co. Ltd. priced $200 million of 11 7/8% senior notes due 2022 at 97.9, according to a notice.

Guotai Junan International, Credit Suisse, UBS, CCB International, China CITIC Bank International, CMB International, Orient Securities (Hong Kong) and The Bank of East Asia, Ltd. are joint global coordinators, joint bookrunners and joint lead managers of the Regulation S deal.

Proceeds will be used to refinance certain onshore debt and for working capital purposes.

The company is an investment holding company. Its subsidiaries are involved in construction services and property development.

Issuer:	Dexin China Holdings Co. Ltd.
Amount:	$200 million
Maturity:	April 23, 2022
Securities:	Senior notes
Bookrunners:	Guotai Junan International, Credit Suisse, UBS, CCB International, China CITIC Bank International, CMB International, Orient Securities (Hong Kong) and Bank of East Asia, Ltd.
Coupon:	11 7/8%
Price:	97.9
Call:	At any time at par plus applicable premium plus interest
Equity clawback:	Up to 35% at 111.875
Announcement date:	Jan. 21
Distribution:	Regulation S

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