China’s Country Garden plans to sell dollar-denominated notes

By Rebecca Melvin

New York, Jan. 8 – China’s Country Garden Holdings Co. Ltd. plans to issue U.S. dollar-denominated senior notes under Regulation S, subject to market conditions, according to a company notice.

The Foshan, China-based real estate developer has named Goldman Sachs (Asia) LLC, J.P. Morgan, BNP Paribas and BOC International as bookrunners for the deal.

If issued, the proceeds will be used to redeem the issuer’s 2023 notes and for general corporate purposes.

Approval in-principle has been received for the listing and quotation of the notes on the SGX-ST.

© 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.