By Marisa Wong
Los Angeles, June 17 – Fantasia Holdings Group Co., Ltd. priced $200 million of 14½% senior notes due 2024 at par, according to a company announcement.
Morgan Stanley & Co. International plc is the global coordinator, lead manager and bookrunner for the Regulation S issue.
Proceeds will be used to refinance existing offshore debt.
Fantasia Holdings is a Shenzhen, China-based property developer.
| Issuer: | Fantasia Holdings Group Co., Ltd.
|
| Issue: | Senior notes
|
| Amount: | $200 million
|
| Maturity: | June 25, 2024
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| Bookrunner: | Morgan Stanley & Co. International plc
|
| Coupon: | 14½%
|
| Price: | Par
|
| Yield: | 14½%
|
| Call option: | In whole at any time at par plus applicable premium
|
| Equity clawback: | Up to 35% at 114.5
|
| Pricing date: | June 16
|
| Distribution: | Regulation S
|
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