New Issue: China’s Zhenro Properties sells $200 million 5.6% notes due 2021

Chicago, Feb. 19 – Zhenro Properties Group Ltd. sold $200 million of 5.6% senior notes due Feb. 28, 2021 on Wednesday at par, according to an announcement.

The notes may be redeemed at any time prior to Feb. 28, 2021 at par plus interest.

HSBC Corp. Ltd., CCB International Capital Ltd., CLSA Ltd., Deutsche Bank AG, Singapore Branch, Goldman Sachs (Asia) LLC, Haitong International Securities Co. Ltd., Standard Chartered Bank and Zhenro Securities Co. Ltd. are joint global coordinators, joint lead managers and joint bookrunners for the Regulation S issue.

Proceeds will be used to refinance debt.

Zhenro is a real estate developer and property manager based in Shanghai.

Issuer:	Zhenro Properties Group Ltd.
Issue:	Senior notes
Amount:	$200 million
Maturity:	Feb. 28, 2021
Bookrunners:	HSBC Corp. Ltd., CCB International Capital Ltd., CLSA Ltd., Deutsche Bank AG, Singapore Branch, Goldman Sachs (Asia) LLC, Haitong International Securities Co. Ltd., Standard Chartered Bank and Zhenro Securities Co. Ltd.
Coupon:	5.6%
Price:	Par
Yield:	5.6%
Call:	Any time at par plus interest before Feb. 28, 2021
Equity clawback:	Up to 35% at 105.6 any time prior to Feb. 28, 2021
Pricing date:	Feb. 19
Distribution:	Regulation S

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