Neo-China Group plans benchmark-sized seven-year note offering with warrants

By Aaron Hochman-Zimmerman

New York, July 10 - Neo China Group (Holdings) Ltd. was scheduled to wrap up its roadshow Tuesday for a planned benchmark-sized offering of seven-year guaranteed bonds (B1/B+) with detachable warrants for 15% to 20% of the company, according to a market source.

Deutsche Bank and Bank of China International will act as bookrunners.

The bonds have a five-year put option.

Neo-China is a Wanchai, Hong Kong-based property developer.

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