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China's Evergrande on roadshow for dollar-settled renminbi notes
By Christine Van Dusen
Atlanta, Jan. 10 - China's Evergrande Real Estate Group Ltd. is on a roadshow this week in Asia and Europe for a dollar-settled issue of renminbi-denominated senior fixed-rate notes, according to a company filing.
Bank of America Merrill Lynch, Deutsche Bank, Citigroup and BOC International are the bookrunners for the Regulation S notes, which include a change-of-control put at 101%.
Proceeds will be used to repay some onshore bank borrowings, to finance existing and new property projects and for general corporate purposes.
Evergrande is a developer of residential properties and is based in Guangzhou, China.
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