Chicago, May 9 – E-House (China) Enterprise Holdings Ltd. priced a $100 million add-on to its 7¾% two-year senior notes at 98.763 on Thursday, according a company press release.
The add-on notes are to be consolidated and form a single series with the $200 million issue of 7¾% senior notes due Feb. 28, 2021, issued on Feb. 28, 2019.
BOCI Asia Ltd., CMBC Securities Co. Ltd. and CRIC Securities Co. Ltd. are the joint global coordinators, joint bookrunners and joint lead managers.
OCOM International, CCB International Capital Ltd., Central Wealth Securities Investment Ltd., China International Capital Corp., CMB Wing Lung Bank Ltd., Fosun Hani Securities Ltd., Founder Securities (Hong Kong) Capital Co. Ltd. and Orient Securities (Hong Kong) are joint bookrunners and joint lead managers in respect of the offer and sale of the additional notes.
Proceeds are planned to be used for developing business operations in China.
Shanghai-based E-House is a real estate services company.
| Issuer: | E-House (China) Enterprise Holdings Ltd.
|
| Issue: | Senior notes
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| Amount: | $100 million
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| Maturity: | Feb. 28, 2021
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| Security description: | Add-on to $200 million issue of 7¾% senior notes due Feb. 28, 2021, issued on Feb. 28, 2019
|
| Global coordinators: | BOC International, CMBC Capital and CRIC Securities
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| Joint bookrunners: | OCOM International, CCB International, Central Wealth Securities Investment Ltd., China International Capital Corp., CMB Wing Lung Bank Ltd., Fosun Hani, Founder Securities (Hong Kong) Capital Co. Ltd. and Orient Securities (Hong Kong)
|
| Coupon: | 7¾%
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| Price: | 98.763
|
| Equity clawback: | 35% at 107.75
|
| Trade date: | May 9
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| Distribution: | Regulation S
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| Total issue size: | $300 million
|
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