By Rebecca Melvin
Concord, N.H., July 16 – Agile Group Holdings Ltd. priced $314 million of 5˝% notes due April 21, 2025 (Ba3) at 99.675, according to a notice.
The notes have a make-whole call prior to April 21, 2024 and then may be called at 102.
Standard Chartered Bank, Barclays, China International Capital Corp., Credit Suisse and Goldman Sachs (Asia) LLC, Bocom International, CLSA, CMBC Capital and HeungKong Financial are the joint bookrunners and joint lead managers. Standard Chartered Bank, Barclays, CICC, Credit Suisse and Goldman Sachs are also joint global coordinators.
Proceeds from the Regulation S notes will be used for refinancing some existing medium- to long-term offshore debt that will become due within one year in accordance with the company’s sustainable finance framework.
The notes are expected to be listed on the SGX-ST, and no listing will be sought in Hong Kong.
The property developer is based in Hong Kong.
| Issuer: | Agile Group Holdings Ltd.
|
| Issue: | Notes
|
| Amount: | $314 million
|
| Maturity: | April 21, 2025
|
| Bookrunners: | Standard Chartered Bank, Barclays, China International Capital Corp., Credit Suisse, Goldman Sachs (Asia) LLC, Bocom International, CLSA, CMBC Capital and HeungKong Financial
|
| Coupon: | 5˝%
|
| Price: | 99.675
|
| Call option: | Make-whole call until April 21, 2024; at 102 from April 21, 2024 to maturity
|
| Pricing date: | July 15
|
| Settlement: | July 21
|
| Rating: | Moody’s: Ba3
|
| Distribution: | Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
