By Cady Vishniac
Detroit, Dec. 17 – Skyfame International Holdings Ltd. has sold $80 million of 13% senior notes due Dec. 16, 2023 (//B-), according to a market notice.
The lead managers and bookrunners are Guotai Junan Securities (Hong Kong) Ltd., CCB International Capital Ltd., Soochow CSSD Capital Markets (Asia) Pte. Ltd., CMB International Capital Ltd., GF Securities (Hong Kong) Brokerage Ltd., Continental Securities Ltd. and Golden Rich Securities Ltd.
Proceeds will be used to refinance debt, according to Fitch Ratings.
The notes will be listed on the Singapore Exchange on Friday.
Skyfame is Hong Kong-based property development investment holding company.
| Issuer: | Skyfame International Holdings Ltd.
|
| Issue: | Senior notes
|
| Amount: | $80 million
|
| Maturity: | Dec. 16, 2023
|
| Bookrunners: | Guotai Junan Securities (Hong Kong) Ltd., CCB International Capital Ltd., Soochow CSSD Capital Markets (Asia) Pte. Ltd., CMB International Capital Ltd., GF Securities (Hong Kong) Brokerage Ltd., Continental Securities Ltd. and Golden Rich Securities Ltd.
|
| Coupon: | 13%
|
| Announcement date: | Dec. 17
|
| Issue date: | Dec. 16
|
| Rating: | Fitch: B-
|
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