China's Evergrande plans to offer dollar-denominated senior notes

By Toni Weeks

San Luis Obispo, Calif., Oct. 22 - Evergrande Real Estate Group plans to offer dollar-denominated senior notes, according to a company notice.

The pricing for the proposed deal, including the principal amount, offer price and interest rates, will be determined through a bookbuilding exercise conducted by sole global coordinator Goldman Sachs (Asia) LLC and joint lead managers and joint bookrunners J.P. Morgan Securities plc, Deutsche Bank AG, Singapore Branch, China Merchants Securities (HK) Co., Ltd. and Goldman Sachs (Asia).

Proceeds of the Rule 144A and Regulation S deal will be used to refinance existing debt.

The real estate developer has its headquarters in Guangzhou, China.

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