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Published on 10/10/2019 in the Prospect News Emerging Markets Daily.

New Issue: China’s E-House sells $200 million 7 5/8% notes due 2022 at 98.339

Chicago, Oct. 10 – E-House (China) Enterprise Holdings Ltd. priced $200 million 7 5/8% senior notes due April 18, 2022 at 98.339, according a company press release.

Credit Suisse, BOC International, China International Capital Corp., CRIC Securities and CMBC Capital are the joint global coordinators, joint lead managers and joint bookrunners.

Central Wealth Securities Investment Ltd., China Investment Securities International, China Merchants Securities (HK), CMB International, CMB Wing Lung Bank Ltd., DBS Bank Ltd., Everbright Sun Hung Kai, Founder Securities (Hong Kong) Ltd., Future Land Resources, Orient Securities (Hong Kong), SPDB International and UBS are the joint lead managers and joint bookrunners for the Regulation S offering.

Proceeds are planned to be used for general corporate purposes and refinancing debt.

Shanghai-based E-House is a real estate services company.

Issuer:E-House (China) Enterprise Holdings Ltd.
Amount:$200 million
Maturity:April 18, 2022
Description:Senior notes
Global coordinators:Credit Suisse, BOC International, China International Capital Corp., CRIC Securities and CMBC Capital
Joint bookrunners:Central Wealth Securities Investment Ltd., China Investment Securities International, China Merchants Securities (HK), CMB International, CMB Wing Lung Bank Ltd., DBS Bank Ltd., Everbright Sun Hung Kai, Founder Securities (Hong Kong) Ltd., Future Land Resources, Orient Securities (Hong Kong), SPDB International and UBS
Coupon:7 5/8%
Price:98.339
Call:Make-whole call at any time before April 18, 2022
Equity clawback:Up to 35% at 107.625
Trade date:Oct. 10
Settlement date:Oct. 18
Rating:S&P: BB
Distribution:Regulation S

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