By Marisa Wong
Morgantown, W.Va., Dec. 23 – Bestgain Real Estate Lyra Ltd. priced $600 million of 3.95% guaranteed notes due 2019. Vanke Real Estate (Hong Kong) Co. Ltd. is the guarantor.
The notes will be issued under the company’s new $3.2 billion medium-term note program.
BOC International, Credit Suisse, JPMorgan and UBS are the joint lead managers for the Regulation S notes.
Listing of the notes on the Stock Exchange of Hong Kong Ltd. is expected to take effect Dec. 28.
Vanke is a Shenzhen, China-based residential real estate developer.
| Issuer: | Bestgain Real Estate Lyra Ltd.
|
| Guarantor: | Vanke Real Estate (Hong Kong) Co. Ltd.
|
| Issue: | Medium-term notes
|
| Amount: | $600 million
|
| Maturity: | 2019
|
| Managers: | BOC International, Credit Suisse, JPMorgan, UBS
|
| Coupon: | 3.95%
|
| Pricing date: | Dec. 15
|
| Announcement date: | Dec. 23
|
| Listing date: | Dec. 28
|
| Distribution: | Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
