New Issue: Greentown China prices RMB 2.5 billion 5 5/8% notes due 2016 at par

By Christine Van Dusen

Atlanta, May 6 - Greentown China Holdings Ltd. priced RMB 2.5 billion three-year notes (B2/B/) at par to yield 5 5/8%, a market source said.

The notes were talked at a yield in the 5¾% area.

BOCI, Deutsche Bank, HSBC, ICBC and Standard Chartered Bank were the bookrunners for the Regulation S deal.

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

Issuer:	Greentown China Holdings Ltd.
Amount:	RMB 2.5 billion
Maturity:	May 13, 2016
Description:	Notes
Bookrunners:	BOCI, Deutsche Bank, HSBC, ICBC, Standard Chartered Bank
Coupon:	5 5/8%
Price:	Par
Yield:	5 5/8%
Trade date:	May 6
Settlement date:	May 13
Ratings:	Moody's: B2
	Standard & Poor's: B
Distribution:	Regulation S
Price talk:	5¾% area

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