New Issue: China’s Gemdale prices $250 million 5.6% three-year bonds at par

By Rebecca Melvin

New York, June 14 – Gemdale Prosperity Investment Ltd. priced $250 million 5.6% three-year bonds guaranteed by Famous Commercial Ltd., according to a regulatory notice.

The notes also benefit from a keepwell deed and a deed of equity provided by Gemdale Corp.

China International Capital Corp., BOSC International, DBS Bank Ltd., Bocom International and Shanghai Pudong Development Bank Hong Kong Branch are joint bookrunners of the Regulation S deal.

Gemdale is a Shenzhen, China-based real estate developer.

Issuer:	Gemdale Prosperity Investment Ltd.
Guarantor:	Famous Commercial Ltd.
Description:	Senior notes
Amount:	$250 million
Maturity:	June 14, 2022
Bookrunners:	China International Capital Corp., BOSC International, DBS Bank Ltd., Bocom International, Shanghai Pudong Development Bank Hong Kong Branch
Coupon:	5.6%
Price:	Par
Yield:	5.6%
Announcement date:	June 14
Distribution:	Regulation S

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