New Issue: SOHO China sells $400 million five-year notes at 5¾%, $600 million 10-year notes at 7 1/8%

New York, Oct. 31 - SOHO China Ltd. priced a $1 billion offering of senior notes in two tranches (Ba1/BB+), according to a company announcement.

The company sold $400 million five-year notes with a 5¾% coupon at par, in the middle of talk in the 5¾% area. It also sold $600 million 10-year notes with a 7 1/8% coupon at par, at the rich end of talk set in the 7¼% area.

HSBC, Morgan Stanley, Standard Chartered Bank, Barclays and Goldman Sachs are the bookrunners for the Regulation S deal.

Proceeds will be used for general corporate purposes.

SOHO China is a Beijing-based property developer.

Issuer:	SOHO China Ltd.
Issue:	Senior notes
Amount:	$1 billion
Ratings:	Moody's: Ba1
	Standard & Poor's: BB+
Pricing date:	Oct. 31
Settlement date:	Nov. 7
Bookrunners:	HSBC, Morgan Stanley, Standard Chartered Bank, Barclays and Goldman Sachs
Distribution:	Regulation S
Five-year notes
Amount:	$400 million
Maturity:	Nov. 7, 2017
Coupon:	5¾%
Price:	Par
Yield:	5¾%
Call:	Make-whole call until Nov. 7, 2015, then at 102.875, declining to 101.4375 in 2016
Equity clawback:	For up to 35% at 105.75 until Nov. 7, 2015
Talk:	5¾% area
Ten-year notes
Amount:	$600 million
Maturity:	Nov. 7, 2022
Coupon:	7 1/8%
Price:	Par
Yield:	7 1/8%
Call:	Make-whole call until Nov. 7, 2017, then at 103.5625, declining to 102.375 in 2017, then 101.1875, and par from 2020
Equity clawback:	For up to 35% at 107.125 until Nov. 7, 2015
Talk:	7¼% area

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