By Rebecca Melvin
Concord, N.H., July 13 – Country Garden Holdings Co. Ltd. priced $200 million of additional 2.7% senior notes due 2026 at 98.44, according to a company announcement.
The notes will be consolidated and form a single series with the $500 million of 2.7% notes issued on Jan. 12, 2021.
UBS AG Hong Kong Branch was global coordinator, lead manager and bookrunner for the Regulation S tap issue.
Proceeds will be used to refinance existing medium- to long-term offshore debt set to mature within one year.
Country Garden is a Foshan, China, real estate developer.
| Issuer: | Country Garden Holdings Co. Ltd.
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| Issue: | Senior notes, add-on
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| Amount: | $200 million
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| Maturity: | 2026
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| Bookrunner: | UBS AG Hong Kong Branch
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| Coupon: | 2.7%
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| Price: | 98.44 plus accrued interest from July 12 to July 20
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| Pricing date: | July 13
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| Distribution: | Regulation S
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| Total issuance: | $700 million, including $500 million issued on Jan. 12, 2021
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