New Issue: China’s Yuzhou Properties sells RMB 3 billion 5.3% three-year bonds

By Susanna Moon

Chicago, Sept. 28 – Yuzhou Properties Co. Ltd. sold RMB 3 billion of 5.3% three-year corporate bonds at par in a private placement.

Ping An Securities Co., Ltd. and Dongxing Securities Co., Ltd. are the underwriters.

Proceeds will be used to repay debt and to supplement working capital.

Yuzhou is a property developer based in Hong Kong.

Issuer:	Yuzhou Properties Co. Ltd.
Issue:	Corporate bonds
Amount:	RMB 3 billion
Maturity:	Three years
Underwriters:	Ping An Securities Co., Ltd. and Dongxing Securities Co., Ltd.
Coupon:	5.3%, subject to increase at the end of the second year
Price:	Par of RMB 100
Put option:	At the end of the second year
Ratings:	Golden Credit Rating International Co., Ltd.: AA+
Issue date:	Sept. 22
Distribution:	Private placement

© 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.