New Issue: Ronshine prices $300 million 10½% notes due 2022

By Wendy Van Sickle

Columbus, Ohio, Feb. 25 – Ronshine China Holdings Ltd. priced $300 million of 10½% senior notes (//B+) due 2022, according to an announcement.

UBS, Credit Suisse, Bank of China, Bocom International, CEB International, China International Capital Corp., CLSA, CMB International, CMBC Capital, Central Wealth Securities Investment Ltd., Deutsche Bank, Guotai Junan International, Haitong International and Orient Securities (Hong Kong) are lead managers and bookrunners of the Regulation S notes.

Ronshine is a property developer based in Fuzhou, China.

Proceeds will be used to refinance existing debt.

Issuer:	Ronshine China Holdings Ltd.
Issue:	Senior notes
Amount:	$300 million
Maturity:	2022
Bookrunners:	UBS, Credit Suisse, Bank of China, Bocom International, CEB International, China International Capital Corp., CLSA, CMB International, CMBC Capital, Central Wealth Securities Investment Ltd., Deutsche Bank, Guotai Junan International, Haitong International and Orient Securities (Hong Kong)
Coupon:	10½%
Pricing date:	Feb. 25
Rating:	Fitch: B+ (expected)
Distribution:	Regulation S

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