New Issue: China’s Logan Group prices $300 million 4.5% notes due 2028 at par

New York, Jan. 6 – Logan Group Co. Ltd. priced $300 million of 4.5% senior notes due 2028 at par, according to a company announcement.

Deutsche Bank AG, Singapore Branch, Guotai Junan Securities (Hong Kong) Ltd., Credit Suisse (Hong Kong) Ltd., UBS AG Hong Kong Branch, Haitong International Securities Co. Ltd., China Citic Bank International Ltd., Citigroup Global Markets Ltd., Barclays Bank plc, BNP Paribas, Bank of East Asia, Ltd., CMBC Securities Co. Ltd. are the global coordinators, bookrunners and lead managers for the Regulation S offering.

Proceeds will be used to refinance existing debt.

Formerly Logan Property Holdings Co. Ltd., Logan Group is an investment holding company and property developer based in Shenzhen, China.

Issuer:	Logan Group Co. Ltd.
Issue:	Senior notes
Amount:	$300 million
Maturity:	Jan. 13, 2028
Coupon:	4.5%
Price:	Par
Yield:	4.5%
Call:	Make-whole call until Jan. 13, 2025, then at 102, 101, 100.5
Equity clawback:	For 35% at 104.5 before Jan. 13, 2025
Bookrunners:	Deutsche Bank AG, Singapore Branch, Guotai Junan Securities (Hong Kong) Ltd., Credit Suisse (Hong Kong) Ltd., UBS AG Hong Kong Branch, Haitong International Securities Co. Ltd., China Citic Bank International Ltd., Citigroup Global Markets Ltd., Barclays Bank plc, BNP Paribas, Bank of East Asia, Ltd., CMBC Securities Co. Ltd. are the bookrunners for the Regulation S offering.
Ratings:	Fitch: BB
	Lianhe: BBB-
Pricing date:	Jan. 6
Distribution:	Regulation S
Trustee:	Citicorp International Ltd.

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