China's Maoye to begin roadshow to market renminbi-denominated notes

By Marisa Wong

Madison, Wis., March 10 - Maoye International Holdings Ltd. announced it plans to conduct an international offering of renminbi-denominated notes (/BB/) and will begin a series of roadshow presentations to professional investors.

Citigroup Global Markets Ltd. and Deutsche Bank AG, Singapore Branch will act as joint lead managers and joint bookrunners for the proposed Regulation S deal.

Proceeds will be used primarily to refinance existing debt and for general corporate purposes.

Maoye is a department store based in Shenzhen, China.

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