By Christine Van Dusen
Atlanta, April 26 – Fantasia Holdings Group Co. Ltd. sold RMB 600 million three-year notes (expected ratings: B3/B) at par to yield 9˝% on Tuesday, a market source said.
Guotai Junan International and BofA Merrill Lynch 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: | RMB 600 million
|
| Maturity: | May 4, 2019
|
| Description: | Notes
|
| Bookrunners: | Guotai Junan International, BofA Merrill Lynch
|
| Coupon: | 9˝%
|
| Price: | Par
|
| Yield: | 9˝%
|
| Trade date: | April 26
|
| Settlement date: | May 4
|
| Expected ratings: | Moody's: B3
|
| Standard & Poor’s: B
|
| Distribution: | Regulation S
|
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