New Issue: China’s Future Land prices $350 million 5% notes due 2020 at 99.656

New York, Feb. 9 – Future Land Development Holdings Ltd. priced a $350 million offering of 5% senior notes due 2020 (/B+/BB-) at 99.656, according to an announcement.

Deutsche Bank AG, Singapore Branch, Haitong International Securities Co. Ltd., J.P. Morgan Securities plc, Merrill Lynch International and Hongkong and Shanghai Banking Corp. Ltd. are the bookrunners for the Regulation S sale.

Proceeds will be used to repay some of the company’s existing debt and for general corporate purposes.

Future Land is a Hong Kong-based real estate operator and developer.

Issuer:	Future Land Development Holdings Ltd.
Issue:	Senior notes
Amount:	$350 million
Maturity:	Feb. 16, 2020
Coupon:	5%
Price:	99.656
Call:	Make-whole call at any time
Equity clawback:	For up to 35% at 105 at any time
Ratings:	S&P: B+
	Fitch: BB-
Pricing date:	Feb. 9
Bookrunners:	Deutsche Bank AG, Singapore Branch, Haitong International Securities Co. Ltd., J.P. Morgan Securities plc, Merrill Lynch International and Hongkong and Shanghai Banking Corp. Ltd.
Distribution:	Regulation S

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