New Issue: China's Yuzhou Properties prices $350 million 6% notes due 2022 at 99.575

By Wendy Van Sickle

Columbus, Ohio, Jan. 18 – Yuzhou Properties Co. Ltd. priced $350 million of 6% senior notes due 2022 (B1/BB-) at 99.575 on Wednesday, according to a term sheet.

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.

Issuer:	Yuzhou Properties Co. Ltd.
Issue:	Senior notes
Amount:	$350 million
Maturity:	2022
Coupon:	6%
Price:	99.575
Bookrunners:	BOC International, Haitong International, Credit Suisse, Yuzhou Financial, AMTD, China Galaxy International, Citi, Deutsche Bank, HSBC and Zhongtai International
Pricing date:	Jan. 18
Distribution:	Regulation S
Ratings:	Moodys: B1
	Fitch: BB-

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