By Sarah Lizee
Olympia, Wash., June 18 – Guangzhou R&F Properties Co. Ltd. subsidiary Easy Tactic Ltd. issued $425 million more 8 1/8% senior notes due 2023 at 98.812 on Monday, according to a notice.
The additional notes were consolidated and form a single series with the original $450 million of 8 1/8% notes issued on Feb. 27.
Goldman Sachs (Asia) LLC, CLSA, HeungKong Financial, Credit Suisse and Deutsche Bank were the bookrunners for the add-on.
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.
|
| Guarantor: | Guangzhou R&F Properties Co., Ltd.
|
| Issue: | Senior notes add-on
|
| Amount: | $425 million
|
| Maturity: | Feb. 27, 2023
|
| Bookrunners: | Goldman Sachs (Asia) LLC, CLSA, HeungKong Financial, Credit Suisse and Deutsche Bank
|
| Coupon: | 8 1/8%
|
| Price: | 98.812
|
| Settlement date: | June 17
|
| Expected rating: | Fitch: BB-
|
| Distribution: | Regulation S
|
| Total issuance: | $875 million, including $450 million originally issued on Feb. 27
|
© 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.
