China’s Yuzhou Properties eyes dollar-denominated senior perpetuals

By Marisa Wong

Morgantown, W.Va., Sept. 25 – Yuzhou Properties Co. Ltd. said it plans to issue dollar-denominated senior perpetual securities (B1).

Pricing will be determined through a book-building exercise.

Proceeds from the Regulation S offering will be used mainly to refinance existing debt and, to a lesser extent, for general working capital purposes.

Yuzhou is a property developer based in Hong Kong.

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