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China's Yuzhou Properties eyes offering of notes for debt refinancing
By Wendy Van Sickle
Columbus, Ohio, Feb. 26 – 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.
The company will use the proceeds of the Regulation S deal to refinance its existing debt and, to a lesser extent, for general corporate purposes.
Yuzhou is a property developer based in Hong Kong.
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