China South City plans one-year notes, to sell first part by Nov. 15

By Marisa Wong

Madison, Wis., Sept. 23 – China South City Holdings Ltd. announced that wholly owned subsidiary China South International Industrial Material City (Shenzhen) Co., Ltd. is planning to issue short-term notes in an aggregate maximum principal amount of RMB 4.3 billion.

The company expects to issue the 365-day notes in more than one tranche within two years. The first tranche, in the amount of about RMB 2.2 billion, will be completed before Nov. 15.

The company said the purpose of the short-term notes is to broaden its channels of financing and to repay part of China South City’s existing bank loans.

Based in Hong Kong, China South City develops and operates large-scale, integrated logistics and trade centers in China.

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