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Shanghai Zendai Property to start roadshow for $150 million five-year bonds Wednesday
By Reshmi Basu
New York, May 22 - Shanghai Zendai Property Ltd. plans to start a roadshow for a $150 million offering of five-year senior fixed-rate bonds (B2/B+/B+) in Hong Kong on Wednesday, according to a market source.
Following Hong Kong, the roadshow will move to Singapore on Thursday and Friday and to Europe on May 29.
Merrill Lynch is the bookrunner for the Regulation S deal.
Proceeds will be used for existing and new project developments, including land acquisition costs and for working capital.
The issuer is a Hong Kong-based property development company.
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