By Paul A. Harris
Portland, Ore., Jan. 14 - China's Hopson Development Holdings Ltd. priced a $300 million issue of five-year senior notes at par to yield 11¾% on Friday, according to a market source.
UBS ran the books.
Proceeds will be used for working capital and general corporate purposes.
Hopson Development is a real estate company based in Guangzhou, China.
| Issuer: | Hopson Development Holdings
|
| Amount: | $300 million
|
| Maturity: | Five years
|
| Securities: | Senior notes
|
| Bookrunner: | UBS
|
| Coupon: | 11¾%
|
| Price: | Par
|
| Yield: | 11¾%
|
| Call protection: | Three years
|
| Trade date: | Jan. 14
|
| Distribution: | Regulation S
|
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