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China's Yuzhou Properties talks dollar five-year notes at 8 5/8%
By Christine Van Dusen
Atlanta, Jan. 17 - China's Yuzhou Properties Co. Ltd. set final talk at 8 5/8% for its offering of dollar-denominated notes due in five years (expected ratings: B2/B/), a market source said.
BOCI Asia Ltd., Citigroup Global Markets Inc., Deutsche Bank AG, Singapore Branch and HSBC 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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