Chicago, Sept. 21 – Kaisa Group Holdings Ltd. sold a $100 million add-on to the 8.65% senior notes due 2022, according to a memorandum.
The notes will be consolidated and form a single series with the $200 million of notes issued on July 23.
Proceeds will be used to refinance existing debt.
Kaisa Group is a Shenzhen, China-based property development company.
| Issuer: | Kaisa Group Holdings Ltd.
|
| Issue: | Senior notes
|
| Amount: | $100 million
|
| Maturity: | July 22, 2022
|
| Trustee: | Citicorp International Ltd.
|
| Counsel to issuer: | Sidley Austin (U.S. and Hong Kong) and Harney Westwood & Riegels LP (Cayman Islands and British Virgin Islands)
|
| Coupon: | 8.65%
|
| Call features: | Any time at par plus a premium
|
| Equity clawback: | Up to 35% at 108.65
|
| Announcement date: | Sept. 9
|
| Distribution: | Regulation S
|
| ISIN: | XS2367127532
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
