New Issue: China’s Sinic sells $210 million 10½% two-year senior notes at 98.473

By Wendy Van Sickle

Columbus, Ohio, June 11 – Sinic Holdings (Group) Co. Ltd. priced $210 million of 10½% two-year senior notes that are guaranteed by some of its subsidiaries, according to a company announcement on Thursday.

The notes were sold at a price of 98.473.

Guotai Junan International, BOC International, UBS, Credit Suisse, BNP Paribas, BofA Securities, CCB International, China Minsheng Banking Corp., Ltd., Hong Kong Branch, CMB International, Haitong International, HSBC and Tianda Securities are acting as bookrunners for the Regulation S offering.

Proceeds are planned to be used to refinance existing debt.

The real estate development company is based in Shanghai.

Issuer:	Sinic Holdings (Group) Co. Ltd.
Issue:	Senior notes
Amount:	$210 million
Maturity date:	June 18, 2022
Bookrunners:	Guotai Junan International, BOC International, UBS, Credit Suisse, BNP Paribas, BofA Securities, CCB International, China Minsheng Banking Corp., Ltd., Hong Kong Branch, CMB International, Haitong International, HSBC and Tianda Securities
Coupon:	10½%
Price:	98.473
Call:	Make-whole call at any time
Equity clawback:	Up to 35% at 110.5%
Pricing date:	June 11
Settlement date:	June 18
Distribution:	Regulation S

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