Published on 3/4/2020 in the Prospect News Emerging Markets Daily.
New Issue: China’s Sinic sells $280 million 11¾% one-year senior notes at 98.641
By Wendy Van Sickle
Columbus, Ohio, March 4 – Sinic Holdings (Group) Co. Ltd. priced $280 million of 11¾% one-year senior notes that are guaranteed by some of its subsidiaries, according to a company announcement on Wednesday.
The notes were sold at a price of 98.641.
Guotai Junan International, BOC International, UBS, Haitong International, Barclays, CCB International, CMB International, CRIC Securities, HeungKong Financial and Orient Securities will act as bookrunners for the Regulation S offering.
The real estate development company is based in Shanghai.
| Issuer: | Sinic Holdings (Group) Co. Ltd.
|
| Issue: | Senior notes
|
| Amount: | $280 million
|
| Bookrunners: | Guotai Junan International, BOC International, UBS, Haitong International, Barclays, CCB International, CMB International, CRIC Securities, HeungKong Financial and Orient Securities
|
| Coupon: | 11¾%
|
| Maturity date: | March 10, 2021
|
| Price: | 98.641
|
| Pricing date: | March 4
|
| Settlement date: | March 10
|
| Distribution: | Regulation S
|
|
|
|
|
© 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.
