China's Fantasia sets talk in 8% area for renminbi notes due in 2018

By Christine Van Dusen

Atlanta, May 20 - China's Fantasia Holdings Group Co. Ltd. set talk in the 8% area for its offering of benchmark-sized notes due in 2018 (expected ratings: B2/B+/), a market source said.

BofA Merrill Lynch, Citigroup, HSBC and China Merchants Solutions are the bookrunners for the Regulation S issue.

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

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

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