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Published on 12/1/2020 in the Prospect News Emerging Markets Daily.

China’s Kaisa Group proposes new dollar-denominated senior notes

By Marisa Wong

Detroit, Dec. 1 – Kaisa Group Holdings Ltd. is proposing to conduct an offering of dollar-denominated senior notes, according to a notice.

Credit Suisse (Hong Kong) Ltd., Deutsche Bank AG, Hong Kong Branch and Haitong International Securities Co. Ltd. will be joint global coordinators, joint bookrunners and joint lead managers.

Barclays, China Citic Bank International Ltd., Guotai Junan Securities (Hong Kong) Ltd. and UBS AG Hong Kong Branch will be joint bookrunners and joint lead managers.

None of the Regulation S securities will be offered to the public in Hong Kong, the company noted.

Proceeds from the new issue would help to fund the repurchase of the company’s 6¾% and 11¾% notes due 2021.

The company plans to apply to the Singapore Exchange for a listing for the new notes.

Kaisa is a Shenzhen, China-based property development company.


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