Published on 5/27/2015 in the Prospect News Emerging Markets Daily.
New Issue: China’s Fantasia sells $200 million 11˝% notes due 2018 at 99.26
By Christine Van Dusen
Atlanta, May 27 – China’s Fantasia Holdings Group Co. Ltd. sold $200 million 11˝% three-year notes (expected ratings: B3/B/) at 99.26 on Wednesday, a market source said.
BofA Merrill Lynch, China Merchants Securities, Citic CLSA Securities, Deutsche Bank and UBS were the bookrunners for the Regulation S deal.
The proceeds will be used to refinance existing debt.
Fantasia Holdings is a property development company based in Shenzhen, China.
| Issuer: | Fantasia Holdings Group Co. Ltd.
|
| Amount: | $200 million
|
| Maturity: | June 1, 2018
|
| Description: | Senior notes
|
| Bookrunners: | BofA Merrill Lynch, China Merchants Securities, Citic CLSA Securities, Deutsche Bank, UBS
|
| Coupon: | 11˝%
|
| Price: | 99.26
|
| Trade date: | May 27
|
| Settlement date: | June 1
|
| Expected ratings: | Moody’s: B3
|
| Standard & Poor’s: B
|
| Distribution: | Regulation S
|
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