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China’s Logan Group proposes dollar-denominated fixed-rate notes
By Cady Vishniac
Detroit, Dec. 7 – China’s Logan Group Co. Ltd. has proposed an issue of dollar-denominated senior notes to be guaranteed by certain of its subsidiaries, according to a news release.
Expected bookrunners on the Regulation S deal are Deutsche Bank, Guotai Junan International, Haitong International, China Citic Bank International, Credit Suisse, BOC International, Barclays, BNP Paribas and CMBC Capital.
Logan Group expects to seek a listing on the Stock Exchange of Hong Kong Ltd.
Proceeds would go toward refinancing the company’s existing debt.
Logan Group is a real estate development company that operates in China with headquarters in Shenzhen. The company was formerly known as Logan Property Holdings Co. Ltd.
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