Modern Land (China) plans to offer renminbi-denominated senior notes

By Marisa Wong

Madison, Wis., Jan. 14 - Modern Land (China) Co., Ltd. said it plans to conduct an international offering of renminbi-denominated senior notes.

Pricing will be determined through a bookbuilding exercise, according to a company announcement.

Morgan Stanley & Co. International plc, J.P. Morgan Securities (Asia Pacific) Ltd., Credit Suisse (Hong Kong) Ltd., Guotai Junan Securities (Hong Kong) Ltd. and CLSA Ltd. are the joint bookrunners and joint lead managers for the Regulation S offering. Morgan Stanley and JPMorgan are also the joint global coordinators.

Proceeds from the proposed notes will be used to fund existing and new property projects and for general corporate purposes.

The property developer is based in Beijing.

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