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Greenland Hong Kong sets roadshow for dollar notes
By Christine Van Dusen
Atlanta, July 28 – China’s Greenland Hong Kong Holdings Ltd. will set out on Tuesday for a roadshow to market a dollar-denominated offering of notes (expected ratings: Ba1/BB+/BBB-), a market source said.
The notes are part of a newly established $2 billion multicurrency medium-term note program.
Credit Suisse and HSBC are joint global coordinators for the Regulation S deal. Credit Suisse, HSBC, BOC International, JPMorgan and Morgan Stanley are the joint bookrunners.
The proceeds will be used for general corporate purposes, development of domestic projects and repayment of existing debt.
Greenland Holding is a real estate developer based in Shanghai.
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