New Issue: China's Dorsett prices RMB 850 million 6% notes due 2018 at par

By Christine Van Dusen

Atlanta, March 25 - China's Dorsett Hospitality International Ltd. sold RMB 850 million notes due April 3, 2018 at par to yield 6%, a market source said.

Barclays Bank plc, Citic Securities Corporate Finance (HK) Ltd., Deutsche Bank AG, Hong Kong Branch and HSBC were the joint lead managers and bookrunners for the Regulation S deal.

The proceeds will be used for future acquisitions and expansion, as well as for general corporate purposes.

Hong Kong-based Dorsett Hospitality International operates hotels in Hong Kong, China, Singapore and Malaysia.

Issuer:	Dorsett Hospitality International Ltd.
Amount:	RMB 850 million
Maturity:	April 3, 2018
Description:	Senior notes
Bookrunners:	Barclays Bank plc, Citic Securities Corporate Finance (HK) Ltd., Deutsche Bank AG, Hong Kong Branch, HSBC
Coupon:	6%
Price:	Par
Yield:	6%
Trade date:	March 25
Settlement date:	April 3
Distribution:	Regulation S

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