China's Hopson Development talks $300 million seven-year notes at 8% area

By Paul A. Harris

St. Louis, Oct. 25 - Hopson Development Holdings Ltd. is talking its $300 million offering of seven-year senior unsecured notes at the 8% area, according to an informed source.

Pricing is expected following the conclusion of the U.S. roadshow on Nov. 1.

Credit Suisse First Boston has the books for the Rule 144A/Regulation S offering. Morgan Stanley is the co-manager.

The notes come with four years of call protection.

Moody's Investors Service rates the notes Ba1, and Standard & Poor's rates the notes BB+.

Hopson Development is a Guangzhou, China-based specialized property group that focuses on investments in cities such as Beijing, Tianjin and Shanghai.

© 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.