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China's Country Garden sets size at $750 million for seven-year notes
By Christine Van Dusen
Atlanta, Feb. 15 - China's Country Garden Holdings Co. Ltd. set the size for its planned issue of seven-year notes (Ba3/BB-/) at $750 million, a market source said Tuesday.
Goldman Sachs, JPMorgan and Deutsche Bank are the bookrunners for the Rule 144A and Regulation S notes, which are non-callable for four years.
Proceeds will be used for general corporate purposes and to fund existing and new property projects.
Country Garden is a Hong Kong-based property developer.
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