By Marisa Wong
Morgantown, W.Va., Jan. 5 – Fantasia Holdings Group Co. Ltd. said wholly owned subsidiary Fantasia Group (China) Co. Ltd. issued RMB 1.1 billion of 7.29% bonds on Monday.
The non-guaranteed bonds have a term of five years.
At the end of the third year, the issuer can increase the coupon rate and investors will have a chance to sell back the bonds.
Guotai Junan Securities Co., Ltd. acted as lead underwriter for the issue.
The company previously received approval to issue up to RMB 1.5 billion of domestic corporate bonds.
Proceeds will be used to repay bank loans and to replenish general working capital.
Fantasia Holdings is a property development company based in Shenzhen, China.
| Issuer: | Fantasia Group (China) Co. Ltd.
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| Issue: | Domestic corporate bonds
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| Amount: | RMB 1.1 billion
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| Maturity: | Five years
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| Coupon: | 7.29%
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| Underwriter: | Guotai Junan Securities Co., Ltd.
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| Put option: | At the end of the third year
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| Settlement date: | Jan. 4
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