Published on 1/21/2014 in the Prospect News Emerging Markets Daily.
New Issue: China's CIFI prices $200 million 8 7/8% notes due 2019 at 99.545
By Christine Van Dusen
Atlanta, Jan. 21 - China's CIFI Holdings (Group) Co. Ltd. priced $200 million 8 7/8% five-year notes (/B/B+) at 99.545, according to a company filing.
Standard Chartered Bank, Citigroup, Deutsche Bank, HSBC and Haitong International were the bookrunners for the Regulation S deal.
The issuer is a Shanghai-based developer.
| Issuer: | CIFI Holdings (Group) Co. Ltd.
|
| Amount: | $200 million
|
| Maturity: | Jan. 27, 2019
|
| Greenshoe: | At 35%
|
| Description: | Notes
|
| Bookrunners: | Standard Chartered Bank, Citigroup, Deutsche Bank, HSBC, Haitong International
|
| Coupon: | 8 7/8%
|
| Price: | 99.545
|
| Call features: | Make-whole call at 100%
|
| Trade date: | Jan. 20
|
| Settlement date: | Jan. 27
|
| Ratings: | Standard & Poor's: B
|
| Fitch: B+
|
| Distribution: | Regulation S
|
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