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Prospect News home > News index > List of issuers E > Headlines for eHi Car Services Ltd. > News item |
China’s eHi sets talk at 7¾% for $200 million three-year notes
By Christine Van Dusen
Atlanta, Dec. 1 – China’s eHi Car Services Ltd. set talk at 7¾% for a $200 million offering of notes due in three years (expected ratings: /BB-/BB-), a market source said.
JPMorgan and Deutsche Bank are the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used for capital expenditures and other general corporate purposes, including refinancing of outstanding debt and enhancing capital structure.
eHi is a car services and car rentals provider based in Shanghai.
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