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Published on 12/19/2019 in the Prospect News Emerging Markets Daily.

New Issue: Excellence Commercial sells $100 million 6.8% three-year notes

By Marisa Wong

Los Angeles, Dec. 19 – China’s Excellence Commercial Management Ltd. issued $100 million of 6.8% guaranteed senior notes due 2022, according to a notice.

Guotai Junan Securities (Hong Kong) Ltd., Haitong International Securities Co. Ltd. and CMB International Capital Ltd. are the bookrunners.

The real estate development company is based in Shenzhen.

Issuer:Excellence Commercial Management Ltd.
Issue:Guaranteed senior notes
Amount:$100 million
Maturity:Dec. 19, 2022
Bookrunners:Guotai Junan Securities (Hong Kong) Ltd., Haitong International Securities Co. Ltd. and CMB International Capital Ltd.
Coupon:6.8%
Settlement date:Dec. 19

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