E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/19/2019 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.

China’s Modern Land plans tap of 15½% green notes due 2020

By Wendy Van Sickle

Columbus, Ohio, Feb. 19 – Modern Land (China) Co., Ltd. plans to sell additional dollar-denominated green senior notes to be consolidated and form a single issue with the $150 million of 15½% green senior notes due July 2, 2020 issued on Jan. 2, according to an announcement.

Guotai Junan International, HSBC, Barclays, Credit Suisse, Deutsche Bank, Haitong International and UBS are joint global coordinators, joint bookrunners and joint lead managers for the tap of Regulation S notes. HSBC is green structuring adviser.

Proceeds will be used to refinance existing debt. New and existing projects and business funded with the proceeds will have environment benefits in line with green bond principles.

Modern Land is a Beijing-based developer focused on green, energy-saving and eco-friendly residences in China.


© 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.