Published on 12/1/2014 in the Prospect News Emerging Markets Daily.
New Issue: China’s Yuzhou Properties prices $250 million 9% notes due 2019 at par
By Christine Van Dusen
Atlanta, Dec. 1 – China’s Yuzhou Properties Co. Ltd. priced $250 million five-year notes (B1/B/) at par to yield 9% on Monday, a market source said.
BOC International, Credit Suisse, Haitong International, HSBC and Huatai Financial were the bookrunners for the deal.
Yuzhou is a property developer based in Hong Kong.
| Issuer: | Yuzhou Properties Co. Ltd.
|
| Amount: | $250 million
|
| Maturity: | Dec. 8, 2019
|
| Description: | Notes
|
| Bookrunners: | BOC International, Credit Suisse, Haitong International, HSBC, Huatai Financial, JPMorgan
|
| Coupon: | 9%
|
| Price: | Par
|
| Yield: | 9%
|
| Call options: | Non-callable for three years
|
| Trade date: | Dec. 1
|
| Settlement date: | Dec. 8
|
| Ratings: | Moody’s: B1
|
| Standard & Poor’s: B
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
