China's Yuzhou Properties plans offering of notes for debt refinancing

By Wendy Van Sickle

Columbus, Ohio, Jan. 17 – Yuzhou Properties Co. Ltd. plans to price an offering of senior notes (expected B1/BB-), according to a company announcement.

The offering is subject to market conditions and investor interest, the company said.

The issue size, offer price and coupon will be determined through a book building exercise.

BOC International, Haitong International, Credit Suisse, Yuzhou Financial, AMTD, China Galaxy International, Citi, Deutsche Bank, HSBC and Zhongtai International are the joint bookrunners and the joint lead managers.

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.

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