New Issue: China’s E-House sells $100 million add-on to 7.6% senior notes due 2023 at 100.182

By Wendy Van Sickle

Columbus, Ohio, June 3 – E-House (China) Enterprise Holdings Ltd. priced a $100 million add-on to its 7.6% senior notes due June 10, 2023 at 100.182, according to an announcement.

The notes will be consolidated and form a single series with the $200 million of notes issued by the company on Dec. 10, 2020.

BOC International, Credit Suisse, Citigroup, BofA Securities, Central Wealth Securities Investment Ltd., China International Capital Corporation, CRIC Securities, CSFG, Deutsche Bank, Haitong International, Orient Securities (Hong Kong), UBS, Valuable Capital Ltd. and Vision Capital International are the joint lead managers and joint bookrunners for the Regulation S offering.

Proceeds will refinance existing debt.

The company plans to seek a listing with the Stock Exchange of Hong Kong.

Shanghai-based E-House is a real estate services company.

Issuer:	E-House (China) Enterprise Holdings Ltd.
Amount:	$100 million add-on
Description:	Senior notes
Maturity:	June 10, 2023
Joint bookrunners:	BOC International, Credit Suisse, Citigroup, BofA Securities, Central Wealth Securities Investment Ltd., China International Capital Corp., CRIC Securities, CSFG, Deutsche Bank, Haitong International, Orient Securities (Hong Kong), UBS, Valuable Capital Ltd. and Vision Capital International
Coupon:	7.6%
Price:	100.182
Call:	Make-whole call at any time before maturity
Equity clawback:	Up to 35% at 107.6
Trade date:	June 2
Distribution:	Regulation S
Original issue:	$200 million issued on Dec. 10, 2020

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