China's Zhong An Real Estate talks three-year offering of renminbi notes at 12½% area

By Christine Van Dusen

Atlanta, Jan. 27 - China's Zhong An Real Estate Ltd. set price talk at the 12½% area for a three-year offering of renminbi-denominated notes, a market source said.

Barclays Capital and UBS are the bookrunners for the Regulation S deal, which is expected to price this week.

The notes will be payable in dollars. Proceeds will be used for general corporate purposes and to fund land acquisitions.

Zhong An Real Estate is a developer based in Zhejiang Province, China.

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