China's Kaisa Group starts roadshow for $300 million five-year notes

By Paul A. Harris

St. Louis, April 12 - Kaisa Group Holdings Ltd. began an international roadshow on Monday for its $300 million offering of five-year senior guaranteed notes (B2/B+), according to an informed source.

The roadshow for the Rule 144A and Regulation S deal will wrap up on April. 21.

Citigroup, Credit Suisse and UBS Investment Bank are the joint bookrunners.

The notes come with three years of call protection.

Proceeds will be used to refinance debt, to fund land acquisition and property development and for general corporate purposes.

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

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