By Cady Vishniac
Detroit, Jan. 13 – Fantasia Holdings Group Co., Ltd. sold a $100 million add-on (//B+) to be consolidated and form a single series with its $150 million of 6.95% senior notes due Dec. 17, 2021, according to a listing notice.
The new notes also bear interest from Dec. 18.
The notes are callable at any time at par plus a premium and interest.
UBS AG Hong Kong Branch, BNP Paribas, Morgan Stanley & Co. International plc, Deutsche Bank AG, Singapore Branch and Haitong International Securities Ltd. were the lead managers and bookrunners for the Regulation S issue.
Proceeds are expected to be used to refinance existing offshore debt and for general corporate purposes.
Fantasia Holdings is a Shenzhen, China-based property development company.
| Issuer: | Fantasia Holdings Group Co., Ltd.
|
| Issue: | Senior notes
|
| Amount: | $100 million
|
| Maturity: | Dec. 17, 2021
|
| Bookrunners: | UBS AG Hong Kong Branch, BNP Paribas, Morgan Stanley & Co. International plc, Deutsche Bank AG, Singapore Branch and Haitong International Securities Ltd.
|
| Coupon: | 6.95%
|
| Price: | Par
|
| Yield: | 6.95%
|
| Call option: | At any time at par plus a premium and interest
|
| Change of control put: | At 101
|
| Pricing date: | Dec. 24
|
| Settlement date: | Dec. 28
|
| Rating: | Fitch: B+
|
| Distribution: | Regulation S
|
| Original issue: | $150 million 6.95% issued on Dec. 18
|
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