New Issue: China's Yuzhou Properties sells $300 million 8¾% notes due 2018 at par

By Christine Van Dusen

Atlanta, Sept. 30 - China's Yuzhou Properties Co. Ltd. priced $300 million five-year notes (expected ratings: B2/B/) at par to yield 8¾%, according to a company filing.

The bookrunners for the Regulation S deal were BOCI Asia Ltd., DBS Bank Ltd., Deutsche Bank AG, Singapore Branch, Hongkong and Shanghai Banking Corp. Ltd., J.P. Morgan Securities plc and UBS AG, Hong Kong Branch.

The company will use the proceeds of the Regulation S deal to refinance its existing debt and for general corporate purposes.

Yuzhou is a property developer based in Hong Kong.

Issuer:	Yuzhou Properties Co. Ltd.
Amount:	$300 million
Maturity:	Oct. 4, 2018
Description:	Senior notes
Bookrunners:	BOCI Asia Ltd., DBS Bank Ltd., Deutsche Bank AG, Singapore Branch, Hongkong and Shanghai Banking Corp. Ltd., J.P. Morgan Securities plc, UBS AG, Hong Kong Branch
Coupon:	8¾%
Price:	Par
Yield:	8¾%
Trade date:	Sept. 27
Settlement date:	Oct. 4
Expected ratings:	Moody's: B2
	Standard & Poor's: B
Distribution:	Regulation S

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