By Marisa Wong
Madison, Wis., Dec. 10 - Bestgain Real Estate Lyra Ltd. priced RMB 1 billion of 4.05% notes on Monday, according to a company announcement.
The three-year notes are guaranteed by Vanke Real Estate (Hong Kong) Co. Ltd.
Deutsche Bank AG, Hong Kong Branch, Hongkong and Shanghai Banking Corp. Ltd. and BNP Paribas, Hong Kong Branch are the managers for the Regulation S deal.
The notes will be issued under Bestgain's $2 billion medium-term note program established in July.
Settlement for the drawdown notes is slated for Dec. 16.
Bestgain is a subsidiary of China Vanke Co. Ltd., a Shenzhen, Guangdong, China-based residential real estate developer.
| Issuer: | Bestgain Real Estate Lyra Ltd.
|
| Guarantor: | Vanke Real Estate (Hong Kong) Co. Ltd.
|
| Issue: | Medium-term notes
|
| Amount: | RMB 1 billion
|
| Maturity: | Dec. 16, 2016
|
| Coupon: | 4.05%
|
| Managers: | Deutsche Bank AG, Hong Kong Branch, Hongkong and Shanghai Banking Corp. Ltd. and BNP Paribas, Hong Kong Branch
|
| Pricing date: | Dec. 9
|
| Settlement date: | Dec. 16
|
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