China's Guangzhou R&F sets talk at 8½% for $1 billion five-year notes

By Christine Van Dusen

Atlanta, Jan. 6 - China's Guangzhou R&F Properties Co. Ltd. set price talk at 8½% for its issue of up to $1 billion of notes due in five years (expected ratings: Ba3/BB-/BB), a market source said.

Citigroup, Citic Securities, Deutsche Bank, Goldman Sachs, Standard Chartered Bank, UBS, BofA Merrill Lynch, HSBC and Morgan Stanley are the bookrunners for the Regulation S deal.

The proceeds will be used to refinance existing debt and for general corporate purposes.

The notes could price as soon as Monday.

Guangzhou R&F Properties Co. Ltd. is a real estate company based in Guangzhou, Guangdong, China.

© 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.