Published on 3/4/2020 in the Prospect News Emerging Markets Daily.
New Issue: Excellence Commercial sells $100 million 6.8% three-year notes
By Marisa Wong
Los Angeles, March 4 – China’s Excellence Commercial Management Ltd. issued $100 million of 6.8% guaranteed senior notes due 2023, according to a notice.
Guotai Junan Securities (Hong Kong) Ltd., CMB International Capital Ltd., Bank of East Asia, Ltd., HeungKong Securities Ltd., Haitong International Securities Co. Ltd. and China Minsheng Banking Corp., Hong Kong Branch are the bookrunners.
The real estate development company is based in Shenzhen, China.
| Issuer: | Excellence Commercial Management Ltd.
|
| Issue: | Guaranteed senior notes
|
| Amount: | $100 million
|
| Maturity: | March 4, 2023
|
| Bookrunners: | Guotai Junan Securities (Hong Kong) Ltd., CMB International Capital Ltd., Bank of East Asia, Ltd., HeungKong Securities Ltd., Haitong International Securities Co. Ltd. and China Minsheng Banking Corp., Hong Kong Branch
|
| Coupon: | 6.8%
|
| Settlement date: | March 4
|
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