Greentown China talks increase of 8½% notes due in 2018 at 102.5

By Christine Van Dusen

Atlanta, March 26 - Greentown China Holdings Ltd. set talk at 102.5 for an increase of its existing $400 million 8½% notes due February 2018, a market source said.

The original $400 million issue priced at par to yield 8½%.

Deutsche Bank, Bank of China, Goldman Sachs, HSBC, ICBC (Asia), Standard Chartered Bank and UBS are the bookrunners for the Regulation S offering.

The proceeds will be used to refinance debt, for capital expenditures and for general corporate purposes.

Greentown China is a Hangzhou, China-based property developer.

© 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.