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Singapore's Yanlord talks planned three-year notes at 6½% area
By Christine Van Dusen
Atlanta April 28 - China's Yanlord Land Group Ltd. set talk in the 6 ½% area for its upcoming issue of three-year Singapore dollar-denominated notes (expected ratings: Ba3/BB-/), according to a company announcement.
The company has mandated DBS Bank Ltd., HSBC, Royal Bank of Scotland and Standard Chartered Bank as joint bookrunners and joint lead managers for the proposed Regulation S deal.
The proceeds will be used for refinancing a 2010 revolving credit facility, a 2011 credit facility and a shareholder loan.
The notes could price as soon as Monday.
Yanlord is a Singapore-based property developer.
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