New Issue: Sunac China Holdings prices $500 million 9 3/8% notes due 2018 at par

By Christine Van Dusen

Atlanta, March 28 - Sunac China Holdings priced $500 million five-year notes (B1/B+/BB-) at par to yield 9 3/8%, according to a company filing.

HSBC, BOCI International, Citigroup, ICBC (Asia), ICBCI Capital and Morgan Stanley were the bookrunners for the Regulation S deal.

The proceeds will be used to refinance debt and for general corporate purposes.

Sunac is a Tianjin, China-based residential and commercial property developer.

Issuer:	Sunac China Holdings
Amount:	$500 million
Maturity:	April 5, 2018
Description:	Notes
Bookrunners:	HSBC, BOCI International, Citigroup, ICBC (Asia), ICBCI Capital, Morgan Stanley
Coupon:	9 3/8%
Price:	Par
Yield:	9 3/8%
Trade date:	March 27
Settlement date:	April 5
Ratings:	Moody's: B1
	Standard & Poor's: B+
	Fitch: BB-
Distribution:	Regulation S

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