China's Country Garden guides 7.5-year senior notes at 7¾% yield

By Aleesia Forni

Virginia Beach, Sept. 25 - Country Garden Holdings Co. Ltd. has set guidance for its planned senior notes due 2021 at 7¾%, according to a market source.

Goldman Sachs (Asia) LLC, J.P. Morgan Securities plc, BOCI Asia Ltd., HSBC and ICBC International Capital Ltd. will also be joint bookrunners and lead managers.

Proceeds will be used for general corporate purposes.

Country Garden is a Foshan, China-based real estate developer focused on large-scale residential communities.

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