Chicago, July 16 – Kaisa Group Holdings Ltd. sold $200 million of 8.65% senior notes due 2022 at par on Thursday, according to a notice.
The notes can be redeemed at any time at par plus a premium at the company’s option.
Credit Suisse (Hong Kong) Ltd., Deutsche Bank AG, Singapore Branch, Haitong International Securities Co. Ltd. and UBS AG Hong Kong Branch are joint global coordinators, joint bookrunners and joint lead managers.
Proceeds will be used to refinance existing debt and for general corporate purposes.
The Regulation S notes will be listed on the SGX-ST.
Kaisa Group is a Shenzhen, China-based property development company.
| Issuer: | Kaisa Group Holdings Ltd.
|
| Issue: | Senior notes
|
| Amount: | $200 million
|
| Maturity: | July 22, 2022
|
| Bookrunners: | Credit Suisse (Hong Kong) Ltd., Deutsche Bank AG, Singapore Branch, Haitong International Securities Co. Ltd. and UBS AG Hong Kong Branch
|
| Trustee: | Citicorp International Ltd.
|
| Coupon: | 8.65%
|
| Price: | Par
|
| Yield: | 8.65%
|
| Call features: | Any time at par plus a premium
|
| Equity clawback: | Up to 35% at 108.65
|
| Trade date: | July 15
|
| Settlement date: | July 23
|
| Distribution: | Regulation S
|
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