By Marisa Wong
Madison, Wis., Feb. 10 – Greentown China Holdings Ltd. announced it priced an additional $200 million of 8% senior notes due 2019 at 96.6.
The new notes will be consolidated and form a single series with the $300 million 8% notes issued on Sept. 24, 2013, according to a company notice.
Credit Suisse International is the agent for the add-on offering.
Proceeds from the latest Regulation S notes will be used to fund working capital and for general corporate purposes.
Greentown China is a Hangzhou, China-based property developer.
| Issuer: | Greentown China Holdings Ltd.
|
| Issue: | Senior notes, add-on
|
| Amount: | $200 million
|
| Maturity: | March 24, 2019
|
| Coupon: | 8%
|
| Price: | 96.6
|
| Agent: | Credit Suisse International
|
| Pricing date: | Feb. 10
|
| Settlement date: | Feb. 13
|
| Distribution: | Regulation S
|
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