China Evergrande subsidiary plans dollar-denominated senior notes

By Rebecca Melvin

New York, Jan. 21 – China Evergrande Group’s Scenery Journey Ltd. subsidiary plans to price dollar-denominated senior notes, according to an announcement.

The notes are guaranteed by Tianji Holding and other subsidiaries of the company organized outside of the People’s Republic of China.

Credit Suisse, UBS and BofA Securities are the joint global coordinators, joint lead managers and joint bookrunners of the offering, which will be sold under Regulation S.

Proceeds will be used to refinance debt and for general corporate purposes.

China Evergrande is a Guangzhou, China-based real estate development company.

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