New Issue: China’s Hopson Development sells $500 million 6% one-year notes

By Wendy Van Sickle

Columbus, Ohio, Feb. 12 – Hopson Development Holdings Ltd. said it priced $500 million senior notes due Feb. 17, 2021 at par to yield 6%, according to a company notice.

The Regulation S notes will be used for project investments, construction, refinancing and general corporate purposes.

China International Capital Corp., HSBC, Silk Road International, CCB International, Haitong International, GF Securities, HeungKong Financial, Citigroup, DBS Bank Ltd., Bocom International, Bank of East Asia, Ltd., Orient Securities (Hong Kong) and CLSA are the joint lead managers and joint bookrunners for the issue.

Hopson is a real estate company based in Guangzhou, China.

Issuer:	Hopson Development Holdings Ltd.
Issue:	Senior notes
Amount:	$500 million
Maturity:	Feb. 17, 2021
Coupon:	6%
Price:	Par
Yield:	6%
Bookrunners:	China International Capital Corp., HSBC, Silk Road International, CCB International, Haitong International, GF Securities, HeungKong Financial, Citigroup, DBS Bank Ltd., Bocom International, Bank of East Asia, Ltd., Orient Securities (Hong Kong) and CLSA
Change-of-control put:	101%
Pricing date:	Feb. 12
Distribution:	Regulation S

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