By Marisa Wong
Los Angeles, Nov. 12 – Guangzhou R&F Properties Co., Ltd. unit Easy Tactic Ltd. priced $360 million of 12 3/8% senior notes due 2022 at par on Wednesday, according to a notice.
The notes (//B+) are guaranteed by Guangzhou R&F, wholly owned subsidiary R&F Properties (HK) Co. Ltd. and some other subsidiaries.
Credit Suisse (Hong Kong) Ltd., Goldman Sachs (Asia) LLC, China Citic Bank International Ltd., Deutsche Bank AG Hong Kong Branch, Haitong International Securities Ltd., HeungKong Securities Ltd. and J.P. Morgan Securities plc are bookrunners for the Regulation S offering.
Proceeds will be used to refinance medium- to long-term debt set to mature within one year.
Guangzhou R&F is a property developer based in Guangzhou, China.
| Issuer: | Easy Tactic Ltd.
|
| Guarantors: | Guangzhou R&F Properties Co., Ltd. and R&F Properties (HK) Co. Ltd.
|
| Issue: | Senior notes
|
| Amount: | $360 million
|
| Maturity: | 2022
|
| Bookrunners: | Credit Suisse (Hong Kong) Ltd., Goldman Sachs (Asia) LLC, China Citic Bank International Ltd., Deutsche Bank AG Hong Kong Branch, Haitong International Securities Ltd., HeungKong Securities Ltd. and J.P. Morgan Securities plc
|
| Coupon: | 12 3/8%
|
| Price: | Par
|
| Yield: | 12 3/8%
|
| Call option: | Make-whole call in whole but not in part at any time
|
| Pricing date: | Nov. 11
|
| Rating: | Fitch: B+
|
| 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.
