By Sarah Lizee
Olympia, Wash., July 20 – Times China Holdings Ltd. priced RMB 1.6 billion of 5.94% five-year domestic bonds, according to a notice.
At the end of the third year, there is a coupon adjustment option and put option.
BOC International (China) Co., Ltd. is the lead underwriter. Southwest Securities Co., Ltd. and Zhongshan Securities Co., Ltd. are joint underwriters.
Proceeds will be used to refinance existing debt.
Times China is a property development holding company based in Guangzhou, China.
| Issuer: | Times China Holdings Ltd.
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| Issue: | Domestic bonds
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| Amount: | RMB 1.6 billion
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| Maturity: | Five years
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| Bookrunners: | BOC International (China) Co., Ltd., Southwest Securities Co., Ltd. and Zhongshan Securities Co., Ltd.
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| Coupon: | 5.94%, subject to adjustment after three years
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| Put: | After three years
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| Announcement date: | July 20
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