Published on 6/19/2018 in the Prospect News Emerging Markets Daily.
New Issue: Greenland Hong Kong prices $200 million 7 7/8% one-year notes at par
By Wendy Van Sickle
Columbus, Ohio, June 19 – Greenland Hong Kong Holdings Ltd. sold $200 million of 7 7/8% notes due 2019 at par, according to a company notice.
Credit Suisse, HSBC, CEB International, China Industrial Securities International, Essence International, Guotai Junan International, Haitong International, Morgan Stanley and Orient Securities (Hong Kong) are the joint lead managers for the Regulation S offering. Credit Suisse and HSBC are the global coordinators.
The company plans to use proceeds to refinance its offshore debt and for general corporate purposes.
The company is a real estate developer based in Shanghai.
Issuer: | Greenland Hong Kong Holdings Ltd.
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Issue: | Notes
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Amount: | $200 million
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Maturity: | June 25, 2019
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Coupon: | 7 7/8%
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Price: | Par
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Yield: | 7 7/8%
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Pricing date: | June 19
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Settlement date: | June 26
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Joint lead managers: | Credit Suisse, HSBC, CEB International, China Industrial Securities International, Essence International, Guotai Junan International, Haitong International, Morgan Stanley and Orient Securities (Hong Kong)
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Distribution: | Regulation S
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