China’s Zhenro Properties launches cash offer for 10½% notes due 2020

Chicago, May 13 – Zhenro Properties Group Ltd. announced an offer to purchase for cash its 10½% senior notes due 2020 (ISIN: XS1821808588), according to an announcement.

There are currently $400 million of the notes outstanding. The maximum acceptance amount will be based on the amount of a proposed new issue.

Pricing for the proposed new issue is expected on May 14.

The offer is expected to settle on or about May 27.

The purchase price for the notes will be $1,003.50 per $1,000 principal amount of notes plus interest.

The expiration deadline for the offer is 11 a.m. ET on May 20.

Deutsche Bank AG, Singapore Branch (+65 6423 8367) is working as the dealer manager.

D.F. King Ltd. (+44 20 7920 9700 in London, +852 3953 7208 in Hong Kong, zhenro@dfkingltd.com/zhenro) is acting as the information and tender agent.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.