New York, Jan. 6 – Hopson Development Holdings Ltd. priced $400 million of 5.8% guaranteed senior notes due 2022 at par on Wednesday via subsidiary Hopson Capital International Group Co. Ltd., according to a notice.
China International Capital Corp. Hong Kong Securities Ltd., HSBC, Haitong International Securities Co. Ltd., Bocom International Securities Ltd., China Citic Bank International Ltd., CCB International Capital Ltd., Citigroup Global Markets Ltd., DBS Bank Ltd., HeungKong Financial, Bank of East Asia, Ltd. Orient Securities (Hong Kong) Ltd., Guolian Securities International Capital Co., Ltd., Silk Road International Capital Ltd. and CSFG International Securities Ltd. are joint lead managers and joint bookrunners for the Regulation S issue.
Proceeds will be used for refinancing and general corporate purposes.
Hopson is a residential real estate company based in Guangzhou, China.
| Issuer: | Hopson Capital International Group Co. Ltd.
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| Guarantor: | Hopson Development Holdings Ltd.
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| Issue: | Guaranteed senior notes
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| Amount: | $400 million
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| Maturity: | Jan. 12, 2022
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| Coupon: | 5.8%
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| Price: | Par
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| Call: | Make-whole call until Dec. 12, 2021, then at par
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| Equity clawback: | For 35% at 105.8
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| Pricing date: | Jan. 6
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| Distribution: | Regulation S
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| Trustee: | Bank of New York Mellon, London Branch
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