Zhenro Properties plans add on to 10½% senior notes due 2020

By Wendy Van Sickle

Columbus, Ohio, Jan. 14 – Zhenro Properties Group Ltd. plans to price an add on to its 10½% senior notes due 2020, according to a notice.

Deutsche Bank, CCB International, CMB International, Guotai Junan International, Haitong International, Standard Chartered Bank and HSBC will act as bookrunners for the Regulation S offering.

Proceeds will be used to refinance debt.

Zhenro priced the original $250 million issue of the notes on June 21, 2018 at 98.257.

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

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