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Published on 6/28/2017 in the Prospect News Emerging Markets Daily.

New Issue: China’s Fantasia prices $300 million five-year 7.95% notes at 99.797

By Wendy Van Sickle

Columbus, Ohio, June 28 – China’s Fantasia Holdings Group Co. Ltd. priced $300 million five-year 7.95% notes (B3/B) at 99.797 on Wednesday, according to a company filing.

Guotai Junan International, UBS, Haitong International and Credit Suisse were the bookrunners for the Regulation S deal.

The proceeds will be used to refinance debt.

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

Issuer:Fantasia Holdings Group Co. Ltd.
Amount:$300 million
Maturity:July 5, 2022
Description:Senior notes
Bookrunners:Guotai Junan International, UBS, Haitong International and Credit Suisse
Coupon:7.95%
Price:99.797
Trade date:June 28
Settlement date:July 5
Ratings:Moody's: B3
S&P: B
Distribution:Regulation S

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