By Jennifer Chiou
New York, March 12 - Kaisa Group Holdings Ltd. priced $550 million of 8.875% senior notes due 2018 at par, according to a filing with the Hong Kong Stock Exchange.
Credit Suisse Securities (Europe) Ltd., J.P. Morgan Securities plc, HSBC and Industrial and Commercial Bank of China (Asia) Ltd. are the joint lead managers and bookrunners.
Proceeds will be used to partially refinance the company's 13.5% senior notes due 2015, to fund existing and new property projects and for general corporate purposes.
Kaisa Group is a Shenzhen, China-based property development company.
| Issuer: | Kaisa Group Holdings Ltd.
|
| Issue: | Senior notes
|
| Amount: | $550 million
|
| Maturity: | 2018
|
| Underwriters: | Credit Suisse Securities (Europe) Ltd., J.P. Morgan Securities plc, HSBC and Industrial and Commercial Bank of China (Asia) Ltd.
|
| Coupon: | 8.875%
|
| Price: | Par
|
| Yield: | 8.875%
|
| Pricing date: | March 12
|
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