China’s Zhenro Properties plans dollar-denominated senior notes

By Rebecca Melvin

New York, Feb. 11 – Zhenro Properties Group Ltd. is proposing to conduct an international offering of dollar-denominated senior fixed-rate notes (expected rating: B-), according to a notice.

Deutsche Bank, CCB International, CEB International, CMB International, Guotai Junan International, Haitong International, Standard Chartered Bank and HSBC will act as bookrunners for the Regulation S offering.

Proceeds will be used to refinance existing debt.

The company is a real estate developer and property manager based in Shanghai.

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