China’s Greenland sets talk for up to $1 billion five-, 10-year notes

By Christine Van Dusen

Atlanta, June 25 – China’s Greenland Holding Group Co. Ltd. set talk for a two-tranche offering of up to $1 billion of notes due in five and 10 years (expected rating: Baa3/BBB/BBB-), a market source said.

The five-year notes were talked at Treasuries plus 285 basis points.

The 10-year notes were talked at 5.95%.

BOC International, HSBC, JPMorgan and Deutsche Bank are the bookrunners for the Regulation S deal.

The notes will be issued by wholly owned subsidiary Greenland Global Investment Ltd and guaranteed by the company.

The company is a real estate development and operation services company based in Shanghai.

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