New Issue: China's Fantasia prices $250 million 10¾% notes due 2020 at par

By Christine Van Dusen

Atlanta, Jan. 15 - China's Fantasia Holdings Group Co. Ltd. sold $250 million 10¾% seven-year notes (B1/BB-/) at par, a market source said.

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

The proceeds will be used to refinance existing debt, to finance new and existing property development projects and for other general corporate purposes, according to a company filing.

Fantasia Holdings is a property development company based in Shenzhen, Guangdong, China.

Issuer:	Fantasia Holdings Group Co. Ltd.
Amount:	$250 million
Maturity:	Jan. 22, 2020
Description:	Notes
Bookrunners:	Bank of America Merrill Lynch, Citigroup
Coupon:	10¾%
Price:	Par
Yield:	10¾%
Call:	Make-whole call until Jan. 22, 2017, then at 105.375, then 102.6875, par from Jan. 22, 2019
Equity clawback:	For 35% at 110.75 until Jan. 22, 2016
Trade date:	Jan. 15
Settlement date:	Jan. 22
Ratings:	Moody's: B1
	Standard & Poor's: BB-
Distribution:	Regulation S

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