New Issue: Sunkwan issues $210 million of 12¼% green senior notes due 2022

By Devika Patel

Knoxville, Tenn., July 20 – Sunkwan Properties Group Ltd. sold $210 million of 12¼% guaranteed green senior notes due 2022, according to a company press release.

The initial purchasers were Haitong International Securities Co. Ltd., CCB International Capital Ltd., CMB International Capital Ltd., Guotai Junan Securities (Hong Kong) Ltd., Yonxi Securities Ltd., Central Wealth Securities Investment Ltd., China Citic Bank International Ltd., CRIC Securities Co. Ltd., China Everbright Securities (HK) Ltd. and Valuable Capital Ltd.

The notes will be guaranteed by some of the company’s subsidiaries.

Proceeds will be used to refinance debt and for general corporate purposes.

The real estate development company is based in Shanghai and incorporated in the Cayman Islands.

Issuer:	Sunkwan Properties Group Ltd.
Issue:	Green senior notes
Amount:	$210 million
Maturity:	July 21, 2022
Coupon:	12¼%
Call:	Par call
Investors:	Haitong International Securities Co. Ltd., CCB International Capital Ltd., CMB International Capital Ltd., Guotai Junan Securities (Hong Kong) Ltd., Yonxi Securities Ltd., Central Wealth Securities Investment Ltd., China Citic Bank International Ltd., CRIC Securities Co. Ltd., China Everbright Securities (HK) Ltd. and Valuable Capital Ltd.
Pricing date:	July 19

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