By Rebecca Melvin
New York, March 6 – Scenery Journey Ltd., a subsidiary of China Evergrande Group, priced $600 million of 9% notes due 2021 (B2), which are guaranteed by Tianji Holding Ltd., according to market sources on Wednesday.
Proceeds will be used for offshore debt refinancing by Hengda Real Estate.
Haitong International Securities Co. Ltd. was the bookrunner for the Regulation S deal.
The China-based entity is a real estate developer.
| Issuer: | Scenery Journey Ltd.
|
| Parent: | China Evergrande Group
|
| Guarantor: | Tianji Holding Ltd.
|
| Amount: | $600 million
|
| Maturity: | 2021
|
| Description: | Notes
|
| Bookrunners: | Haitong International Securities Co. Ltd.
|
| Coupon: | 9%
|
| Trade date: | March 6
|
| Rating: | Moody’s: B2
|
| Distribution: | Regulation S
|
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