Neo-China Group talks benchmark-sized seven-year note offering with warrants at 9½% area

By Aaron Hochman-Zimmerman

New York, July 11 - Neo China Group (Holdings) Ltd. released talk in the 9½% area for its 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 are putable in five years.

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

© 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.