Kaisa proposes add-on to $450 million 10 7/8% senior notes due 2023

By Cady Vishniac

Detroit, Jan. 19 – Kaisa Group Holdings Ltd. plans to price an add-on to its 10 7/8% senior notes due July 23, 2023, according to a notice.

The notes would be consolidated and form a single series with the $300 million of 10 7/8% senior notes the company priced at 99.604 on July 16 and the $150 million priced at 96.6825 on Nov. 5.

Credit Suisse, Deutsche Bank, Haitong International and China Citic Bank International are the joint global coordinators, joint bookrunners and joint lead managers on the proposed Regulation S issue.

Barclays, BOC International, Fulbright Securities Ltd., Guotai Junan International, HSBC and UBS are the joint bookrunners and joint lead managers.

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

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