China’s Kaisa launches offering of new notes to fund tender offer

Chicago, April 27 – Kaisa Group Holdings Ltd. announced that it was in the market with an offering of new notes (B2//B) to fund a tender offer, according to a notice.

The proceeds may also be used to refinance existing medium- to long-term offshore debt due within one year.

Credit Suisse, Deutsche Bank, China Citic Bank International, Guotai Junan International, Haitong International, HSBC and UBS are the initial purchasers, lead managers and joint bookrunners.

Credit Suisse and Deutsche Bank are joint global coordinators.

Pricing is set for April 28.

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

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