China's Yuzhou Properties mandates four banks for offering of notes

By Angela McDaniels

Tacoma, Wash., Jan. 16 - Yuzhou Properties Co. Ltd. plans to price an issue of senior notes (expected ratings: B2/B/), according to a company announcement.

BOCI Asia Ltd., Citigroup Global Markets Inc., Deutsche Bank AG, Singapore Branch and Hongkong and Shanghai Banking Corp. are the bookrunners and lead managers.

The proceeds of the Regulation S deal will be used to repay some debt, to fund the acquisition of land for residential and commercial property development and for general corporate purposes.

Yuzhou is a property developer based in Hong Kong.

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