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Published on 7/8/2019 in the Prospect News Emerging Markets Daily.

New Issue: China’s Lifestyle International unit sells $300 million 4 7/8% bonds due 2024

By Sarah Lizee

Olympia, Wash., July 8 – Lifestyle International Holdings Ltd. subsidiary LS Finance (2017) Ltd. sold $300 million 4 7/8% guaranteed bonds due 2024 at par on Monday, according to a notice.

Lifestyle International guarantees the bonds.

J.P. Morgan Securities plc is the global coordinator, lead manager and bookrunner for the Regulation S bonds.

Proceeds will be used for general corporate purposes and replenishment of cash.

Lifestyle International is a retail operator based in Hong Kong.

Issuer:LS Finance (2017) Ltd.
Amount:$300 million
Maturity:2024
Description:Guaranteed bonds
Bookrunner:J.P. Morgan Securities plc
Coupon:4 7/8%
Price:Par
Yield:4 7/8%
Trade date:July 8
Distribution:Regulation S

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