By William Gullotti
Buffalo, N.Y., Aug. 27 – Agile Group Holdings Ltd. priced $400 million of 4.85% senior notes with a one-year tenor, according to a listing notice Friday.
BNP Paribas, Bocom International Securities Ltd., Citigroup Global Markets Ltd., Credit Suisse (Hong Kong) Ltd., Futec Financial Ltd. and Standard Chartered Bank are the joint global coordinators, joint bookrunners and joint lead managers for the offering.
Proceeds from the Regulation S notes will be used for the refinancing of certain existing debt and general corporate purposes.
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: | Senior notes
|
| Amount: | $400 million
|
| Maturity: | Aug. 31, 2022
|
| Bookrunners: | BNP Paribas, Bocom International Securities Ltd., Citigroup Global Markets Ltd., Credit Suisse (Hong Kong) Ltd., Futec Financial Ltd. and Standard Chartered Bank
|
| Coupon: | 4.85%
|
| Price: | Par
|
| Yield: | 4.85%
|
| Call option: | Any time at par plus interest
|
| Equity clawback: | Up to 35% at 104.85
|
| Pricing date: | Aug. 26
|
| Distribution: | Regulation S
|
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