New Issue: China’s Hejun Shunze Investment sells $250 million 11% two-year notes

Chicago, June 2 – Hejun Shunze Investment Co., Ltd. issued $250 million of 11% two-year guaranteed senior notes (B2/B) due June 4, 2022, according to a market source and a prospectus.

The notes are guaranteed by parent Sichuan Languang Development Co. Ltd.

Joint global coordinators and joint bookrunners for the Regulation S notes are Guotai Junan Securities (Hong Kong) Ltd., Credit Suisse (Hong Kong) Ltd., China Everbright Bank Co., Ltd., Hong Kong Branch, Barclays, CEB International Capital Corp. Ltd., DBS Bank Ltd., CMB International Capital Ltd., Orient Securities (Hong Kong) Ltd. and Admiralty Harbour Capital Ltd.

Proceeds will be used to refinance debt.

The real estate developer is based in Chengdu, China.

Issuer:	Hejun Shunze Investment Co., Ltd.
Guarantor:	Sichuan Languang Development Co. Ltd.
Issue:	Guaranteed senior notes
Amount:	$250 million
Maturity:	June 4, 2022
Bookrunner:	Guotai Junan Securities (Hong Kong) Ltd., Credit Suisse (Hong Kong) Ltd., China Everbright Bank Co., Ltd., Hong Kong Branch, Barclays Bank plc, CEB International Capital Corp. Ltd., DBS Bank Ltd., CMB International Capital Ltd., Orient Securities (Hong Kong) Ltd. and Admiralty Harbour Capital Ltd.
Trustee:	Citicorp International Ltd.
Coupon:	11%
Pricing date:	May 29
Settlement date:	June 4
Ratings:	Moody’s: B2
	S&P: B
Distribution:	Regulation S

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