LVGEM (China) plans new notes with concurrent exchange offer

Chicago, Feb. 19 – LVGEM (China) Real Estate Investment Co. Ltd. is planning to offer new senior notes, according to a notice.

The offering is being planned with a concurrent exchange offer.

Proceeds from the offer will be used to refinance existing medium- and long-term offshore debts which will become due within one year.

The minimum yield on the new notes will be announced on or about Feb. 25.

Pricing for the notes is expected soon after the exchange expiration of 11 a.m. ET on March 2. Settlement of the new notes is expected for March 10.

Nomura, BOSC International Co. Ltd., AMTD Global Markets Ltd., DBS Bank Ltd., CCB International Capital Ltd., Haitong International Securities Co. Ltd., Bocom International Securities Ltd., China Investment Securities International Brokerage Ltd., Zhongtai International Securities Ltd., HeungKong Securities Ltd., ABC Capital Ltd., CMBC Securities Co. Ltd. and UBS AG Hong Kong Branch are acting as the joint global coordinators, joint bookrunners and joint lead managers.

LVGEM is a property developer based in Hong Kong.

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