LVGEM (China) Real Estate plans add-on to 8½% three-year notes

By Wendy Van Sickle

Columbus, Ohio, Oct. 16 – LVGEM (China) Real Estate Investment Co. Ltd. is planning an add-on to its 8½% three-year guaranteed senior notes, according to a notice.

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

The company sold the original $225 million of 8½% notes in August. The add-on would have identical terms to those notes, except the price and issue date.

Nomura, Guotai Junan International, BOSC International, UBS, SPDB International, BOCOM International, VTB Capital will be the bookrunners for the Regulation S add-on deal.

Proceeds will be used for general corporate purposes and to finance new property projects.

LVGEM is a property developer based in Hong Kong.

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