Greentown China tenders for up to $150 million 4.55% notes due 2020

By Wendy Van Sickle

Columbus, Ohio, July 6 – Greentown China Holdings Ltd. tendered for up to $150 million of $600 million of 4.55% senior notes due 2020 (ISIN: XS2076070619), according to a company announcement.

For each $1,000 of notes, the company is offering $1,005.

The issuer will also pay accrued interest to but excluding the settlement date.

The offer will expire at 11 a.m. ET on July 14.

If the tender cap is exceeded, tenders may be subject to proration.

Tenders will be accepted in minimum amounts of $200,000 and in multiples of $1,000 in excess thereof.

The company plans to fund the tender offer with internal cash resources.

Morrow Sodali Ltd. (852 2158 8405, 44 20 7355 0628 or greentown@investor.morrowsodali.com) is the information and tender agent.

Credit Suisse (Hong Kong) Ltd. (list.projectrosetender@credit-suisse.com) and Hongkong and Shanghai Banking Corp. Ltd. (852 2822 4100, 44 20 7992 6237 or liability.management@hsbcib.com) are the dealer managers.

Greentown China is a Hangzhou, China-based property developer.

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