China’s Country Garden plans new notes, tap of 8% notes due 2024

By Wendy Van Sickle

Columbus, Ohio, Jan. 16 – Country Garden Holdings Co. Ltd. is proposing to conduct an international offering of new dollar-denominated senior notes as well as an add-on to its $550 million of 8% notes due 2024, according to a notice.

UBS, Goldman Sachs, HSBC and JPMorgan are the joint bookrunners and joint lead managers for the Regulation S sale of new and add-on notes. UBS and Goldman Sachs are also the joint global coordinators.

The company priced the original $550 million of 8% notes in September.

Proceeds will be used mainly to refinance existing offshore debt.

Country Garden is a Foshan, China-based real estate developer.

© 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.