By Wendy Van Sickle
Columbus, Ohio, Jan. 6 – Golden Wheel Tiandi Holdings Co. Ltd. priced a $200 million offering of 12.95% notes due 2022 (B2//) at 99.943, according to a company announcement.
BOC International, Guotai Junan International, Haitong International and HSBC are joint global coordinators and, together with HeungKong Financial, Orient Securities (Hong Kong) and CLSA Ltd., joint bookrunners and joint lead managers for the Regulation S sale.
Proceeds will be used to refinance debt, including a tender offer for up to $140 million of its outstanding $400 million 7% senior notes due 2021, according to a company notice.
Golden Wheel Tiandi is a Hong Kong-based commercial and residential property developer, owner and operator.
| Issuer: | Golden Wheel Tiandi Holdings Co. Ltd.
|
| Issue: | Notes
|
| Amount: | $200 million
|
| Maturity: | March 14, 2022
|
| Coupon: | 12.95%
|
| Price: | 99.942
|
| Call: | Make-whole call at any time
|
| Bookrunners: | BOC International, Guotai Junan International, Haitong International, HSBC (global coordinators), HeungKong Financial, Orient Securities (Hong Kong) and CLSA Ltd.
|
| Ratings: | Moody’s: B2
|
| Pricing date: | Jan. 6
|
| Distribution: | Regulation S
|
|
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
