New Issue: China’s Yuzhou Properties prices $200 million 7.9% notes due 2021

New York, May 3 – Yuzhou Properties Co. Ltd. priced a $200 million of 7.9% senior notes due 2021, according to a company announcement.

The bookrunners, global coordinators and lead managers for the sale are BOC International, Haitong International, Credit Suisse, HSBC, Guotai Junan International, Deutsche Bank, Industrial Bank Co., Ltd. Hong Kong Branch, Orient Securities (Hong Kong) and Yuzhou Financial.

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.

Issuer:	Yuzhou Properties Co. Ltd.
Issue:	Senior notes
Amount:	$200 million
Maturity:	May 11, 2021
Coupon:	7.9%
Price:	Par
Yield:	7.9%
Call:	Make-whole call before May 11, 2020, then at 103.95
Equity claw:	For up to 35% at 107.9 until May 11, 2020
Bookrunners:	BOC International, Haitong International, Credit Suisse, HSBC, Guotai Junan International, Deutsche Bank, Industrial Bank Co., Ltd. Hong Kong Branch, Orient Securities (Hong Kong) and Yuzhou Financial
Ratings:	S&P: B+
	Fitch: BB-
Pricing date:	May 3
Distribution:	Regulation S

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