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Published on 1/15/2020 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.

New Issue: Landsea Green Group sells $200 million of 10¾% green notes due 2022

By Wendy Van Sickle

Columbus, Ohio, Jan. 15 – Landsea Green Group Co., Ltd. priced $200 million of 10¾% green senior notes due 2022 on Wednesday, according to a notice.

The notes were sold at 97.284.

Proceeds will be used for refinancing green bonds.

Guotai Junan International, Haitong International, BofA Securities and Admiralty Harbour were the bookrunners for the Regulation S offering.

Landsea is a Nanjing, China-based investment holding company with four segments: property investment, property development and trading, securities investment and securities trading and provision of financial services.

Issuer:Landsea Green Group Co., Ltd.
Description:Green senior notes
Amount:$200 million
Maturity:Oct. 21, 2022
Coupon:10¾%
Price:97.284
Bookrunners:Guotai Junan International, Haitong International, BofA Securities and Admiralty Harbour
Call:Make-whole call
Trade date:Jan. 15

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