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Times China eyes pricing dollar-denominated senior notes
By Wendy Van Sickle
Columbus, Ohio, Feb. 12 – China’s Times China Holdings Ltd. plans to price U.S. dollar-denominated senior notes, subject to market conditions, according to a company notice.
The notes will be guaranteed by subsidiaries.
Guotai Junan International, UBS, Deutsche Bank, Credit Suisse, BofA Merrill Lynch, Haitong International and HSBC are joint bookrunners for the Regulation S offering.
Proceeds of the notes will be used for refinancing existing debt and for general working capital purposes.
Times China is a property development holding company based in Guangzhou, China.
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