New Issue: China's Kaisa Group prices RMB 1.8 billion 6 7/8% notes due 2016 at par

By Christine Van Dusen

Atlanta, April 15 - China's Kaisa Group Holdings Ltd. sold RMB 1.8 billion 6 7/8% notes due April 22, 2016 (B1/B+/) at par to yield 6 7/8%, a market source said.

The notes priced tighter than talk, set at the 7 1/8% area.

Citigroup, Credit Suisse, HSBC and JPMorgan were the bookrunners for the Regulation S deal.

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

Issuer:	Kaisa Group Holdings Ltd.
Amount:	RMB 1.8 billion
Maturity:	April 22, 2016
Description:	Notes
Bookrunners:	Citigroup, Credit Suisse, HSBC, JPMorgan
Coupon:	6 7/8%
Price:	Par
Yield:	6 7/8%
Trade date:	April 15
Settlement date:	April 22
Ratings:	Moody's: B1
	Standard & Poor's: B+
Distribution:	Regulation S
Price talk:	7 1/8% area

© 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.