China’s Guangzhou R&F greenshoe lifts 5¾% notes to $725 million

By Wendy Van Sickle

Columbus, Ohio, Jan. 12 – Guangzhou R&F Properties Co. Ltd. said underwriters for Easy Tactic Ltd.’s offering of 5¾% notes due Jan. 13, 2020 (//BB) exercised their $460 million upsize option Wednesday, bringing the total deal size to $725 million.

As previously reported, Guangzhou – via Easy Tactic Ltd. – sold $265 million of the notes at 99.146 on Dec. 30.

Goldman Sachs, CMB International, Deutsche Bank and Haitong International were the bookrunners for the Regulation S deal.

The proceeds will be used to finance overseas projects and for general corporate purposes.

The real estate company is based in Guangzhou, China.

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