By Cady Vishniac
Detroit, Dec. 24 – Power Best Global Investments Ltd. priced $121 million of 11% senior notes due 2022 (//B+), according to a notice.
The notes are guaranteed by parent Hong Kong JunFa Property Co. Ltd., which intends to use the proceeds to refinance debt, according to Fitch Ratings.
JunFa Group is a property developer that operates in China.
| Issuer: | Power Best Global Investments Ltd.
|
| Guarantor: | Hong Kong JunFa Property Co. Ltd.
|
| Issue: | Senior notes
|
| Amount: $121 million
|
| Maturity: | 2022
|
| Coupon: 11%
|
| Listing date: | Dec. 28
|
| Rating: | Fitch: B+
|
|
|
© 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.
