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China’s Country Garden sets initial talk for five-year notes at 7 7/8%
By Christine Van Dusen
Atlanta, Feb. 26 – China’s Country Garden Holdings Co. Ltd. set initial talk at 7 7/8% for a five-year issue of notes, a market source said.
JPMorgan, Goldman Sachs, HSBC, Deutsche Bank and CLSA are the bookrunners for the Regulation S deal.
The proceeds will be used to refinance the company’s 2018 notes and for other existing debt, as well as for related fees and expenses.
Country Garden is a Foshan, China-based real estate developer focused on large-scale residential communities.
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