New Issue: LVGEM (China) Real Estate prices $225 million 8˝% three-year bonds

By Wendy Van Sickle

Columbus, Ohio, Aug. 8 – LVGEM (China) Real Estate Investment Co. Ltd. said it priced $225 million of 8˝% three-year guaranteed senior notes on Tuesday.

The bonds will be issued through wholly owned subsidiary Gemstones International, Ltd.

Nomura, CCB International, BOSC International, UBS, AMTD, IBC, China Galaxy International, Winsome and ABC International were the bookrunners and lead managers for the Regulation S deal. Nomura, CCB International, BOSC International, UBS and AMTD were the global coordinators

Proceeds will be used for general working capital purposes.

LVGEM is a property developer based in Hong Kong.

Issuer:	Gemstones International, Ltd.
Issue:	Guaranteed senior notes
Amount:	$225 million
Maturity:	Aug. 15, 2020
Bookrunners:	Nomura, CCB International, BOSC International, UBS, AMTD, IBC, China Galaxy International, Winsome and ABC International
Coupon:	8˝%
Expected ratings:	Moody’s: B3
	Fitch: B+
Pricing date:	Aug. 8
Settlement date:	Aug. 15

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