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Published on 1/9/2013 in the Prospect News Emerging Markets Daily.

New Issue: China's CSI Properties prices $150 million 6½% notes due 2018 at par

By Christine Van Dusen

Atlanta, Jan. 9 - China's CSI Properties Ltd. priced $150 million 6½% five-year notes at par, a market source said.

The notes priced in line with talk, which was set at the 6½% area.

Bank of America Merrill Lynch and JPMorgan were the bookrunners for the Regulation S deal.

The notes were guaranteed by Estate Sky Ltd.

CSI is a Hong Kong-based real estate company.

Issuer:CSI Properties Ltd.
Guarantor:Estate Sky Ltd.
Amount:$150 million
Maturity:Jan. 16, 2018
Description:Senior notes
Bookrunners:Bank of America Merrill Lynch, JPMorgan
Coupon:6½%
Price:Par
Yield:6½%
Trade date:Jan. 9
Settlement date:Jan. 16
Distribution:Regulation S
Price talk:6½% area

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