New York, Sept. 19 – Guangzhou R&F Properties Co., Ltd. priced $200 million of 8 7/8% senior notes due 2021 at par, according to an announcement.
The notes were issued through the company’s Easy Tactic Ltd. subsidiary.
Goldman Sachs (Asia) LLC and CLSA Ltd. were the bookrunners for the Regulation S sale.
Proceeds will be used to refinance offshore debt.
Guangzhou R&F is engaged in the development and sale of properties, property investment, hotel
operations and other property development-related services in China. It is based in Guangzhou, China.
| Issuer: | Easy Tactic Ltd. (Guangzhou R&F Properties Co., Ltd.)
|
| Issue: | Senior notes
|
| Amount: | $200 million
|
| Maturity: | 2021
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| Coupon: | 8 7/8%
|
| Price: | Par
|
| Call: | Make-whole call before Sept. 27, 2020, then at 104.4375
|
| Bookrunners: | Goldman Sachs (Asia) LLC and CLSA Ltd.
|
| Ratings: | Fitch: BB- (expected)
|
| Pricing date: | Sept. 19
|
| Distribution: | Regulation S
|
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