China's Yuzhou Properties postpones dollar-denominated notes due 2015

By Christine Van Dusen

Atlanta, Nov. 18 - China's Yuzhou Properties Co. Ltd. has postponed its planned issue of $200 million to $300 million of notes due 2015, a market source said.

BOCI, Nomura and RBS were the bookrunners for the Rule 144A and Regulation S deal, which was non-callable for three years.

Price talk was set at 13% to 13½%.

Proceeds were to be used for general corporate purposes, to repay certain existing loans and to fund the acquisition of land for residential and commercial property development.

Yuzhou Properties is a property developer based in Fujian Province, China.

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