By Marisa Wong
Los Angeles, Nov. 13 – DaFa Properties Group Ltd. priced $120 million of additional 12 7/8% senior notes due 2021, according to a company announcement.
The notes will be consolidated and form a single series with the $180 million of 12 7/8% notes due 2021 issued on July 11.
Details of the add-on issuance were not disclosed in Wednesday’s notice.
Listing of the Regulation S notes on the Stock Exchange of Hong Kong Ltd. is expected to take effect on Thursday.
DaFa is a real estate developer based in Shanghai.
| Issuer: | DaFa Properties Group Ltd.
|
| Issue: | Senior notes add-on
|
| Amount: | $120 million
|
| Maturity: | July 11, 2021
|
| Coupon: | 12 7/8%
|
| Pricing date: | Nov. 6
|
| Listing date: | Nov. 14
|
| Distribution: | Regulation S
|
| Total issuance: | $300 million, including $180 million issued on July 11
|
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