By Aleesia Forni and Christine Van Dusen
Columbus, Ohio, Jan. 25 - Mingfa Group (International) Co. Ltd. (/B-/) priced a $100 million issue of 13¼% five-year notes at par, according to a market source.
The notes priced on top of talk.
Credit Suisse, Citigroup, ICBC International, Morgan Stanley and RBS were the bookrunners for the Regulation S deal.
Proceeds will be used to refinance existing debt and for general corporate purposes.
Mingfa is a property developer based in Hong Kong.
| Issuer: | Mingfa Group (International) Co. Ltd.
|
| Amount: | $100 million
|
| Maturity: | Feb. 1, 2018
|
| Description: | Notes
|
| Bookrunners: | Credit Suisse, Citigroup, ICBC International, Morgan Stanley, RBS
|
| Coupon: | 13¼%
|
| Price: | Par
|
| Yield: | 13¼%
|
| Trade date: | Jan. 25
|
| Rating: | Standard & Poor's: B-
|
| Distribution: | Regulation S
|
| Yield talk: | 13¼%
|
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