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China’s Yuzhou Properties eyes add-on offering of 7.9% notes due 2021
By Marisa Wong
Morgantown, W.Va., July 23 – Yuzhou Properties Co. Ltd. announced it plans to issue additional dollar-denominated 7.9% senior notes due 2021.
The company sold $200 million of 7.9% senior notes due 2021 in May, as previously reported.
The bookrunners, global coordinators and lead managers for the sale were 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 add-on offering will be used mainly to refinance existing debt.
Yuzhou is a property developer based in Hong Kong.
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