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Beijing Properties plans to sell dollar-denominated guaranteed bonds
By Marisa Wong
Morgantown, W.Va., March 1 – Beijing Properties (Holdings) Ltd. is planning to conduct an international offering of dollar-denominated guaranteed bonds, according to a company announcement.
The bonds will be issued through wholly owned subsidiary Keen Idea Global Ltd. and guaranteed by the parent company.
Pricing will be determined through a bookbuilding. Credit Suisse Securities (Europe) Ltd., DBS Bank Ltd. and Guotai Junan Securities (Hong Kong) Ltd. are the joint lead managers and bookrunners for the proposed Regulation S offering.
Proceeds will be used for general working capital, corporate purposes and capital expenditures.
The property developer is based in Hong Kong.
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