By Wendy Van Sickle
Columbus, Ohio, Sept. 13 – CIFI Holdings (Group) Co. Ltd. priced RMB 1 billion of 7¾% two-year senior notes at par on Thursday, according to a notice.
Standard Chartered Bank is the bookrunner for the Regulation S offering.
Proceeds will be used to refinance debt and for general corporate purposes.
CIFI is a property development and investment company based in Shanghai.
| Issuer: | CIFI Holdings (Group) Co. Ltd.
|
| Issue: | Senior notes
|
| Amount: | RMB 1 billion
|
| Maturity: | Sept. 20, 2020
|
| Coupon: | 7¾%
|
| Price: | Par
|
| Yield: | 7¾%
|
| Bookrunner: | Standard Chartered Bank
|
| Call: | Make-whole call
|
| Equity clawback: | For up to 35% at 107.75 at any time
|
| Ratings: | Fitch: BB
|
| Pricing date: | Sept. 13
|
| Settlement date: | Sept. 20
|
| Distribution: | Regulation S
|
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