China Logistics Property to price dollar-denominated senior notes

By Rebecca Melvin

New York, July 25 – China Logistics Property Holdings Co. Ltd. plans to price an offering of dollar-denominated senior notes subject to market conditions, according to a company news release on Tuesday.

Upon finalization of the terms of the proposed Regulation S notes, the company will enter into a purchase agreement with joint bookrunners ABC International Capital Ltd., AMTD Asset Management Ltd., BofA Merrill Lynch, CCB International Capital Ltd., Credit Suisse (Hong Kong) Ltd., Deutsche Bank AG, Singapore Branch, Haitong International Securities Co. Ltd., and UBS AG Hong Kong Branch.

Proceeds of the notes are expected to be used to repay existing offshore debt and for general corporate purposes.

Incorporated in the Cayman Islands, China Logistics Property is an investment holding company, and the group develops and leases storage facilities and provides related management services in China.

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