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Wuzhou International plans to price add-on to 13¾% notes due 2018
By Toni Weeks
San Luis Obispo, Calif., Jan. 7 - Wuzhou International Holdings Ltd. said it plans to issue an additional tranche of its 13¾% senior notes due 2018.
The company priced $100 million of the notes on Sept. 26 at 99.122 to yield 14%.
Pricing for the Regulation S deal will be determined through a bookbuilding exercise conducted by UBS AG, Hong Kong Branch as sole global coordinator and sole bookrunner.
Proceeds will be used for investments in existing and new real estate projects and for general corporate purposes.
Wuzhou is a Hong Kong-based real estate developer.
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