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Prospect News home > News index > List of issuers E > Headlines for E-House (China) Enterprise Holdings Ltd. > News item
Published on 2/21/2019 in the Prospect News Emerging Markets Daily.

New Issue: China’s E-House sells $200 million 7¾% notes due 2021 at 98.424

Chicago, Feb. 21 – E-House (China) Enterprise Holdings Ltd. priced $200 million 7¾% two-year senior notes at 98.424 on Thursday, according a company press release.

Credit Suisse (Hong Kong) Ltd. and BOCI Asia Ltd. are the joint global coordinators.

Credit Suisse, BOC International, China International Capital Corp., China Merchants Securities (HK) Co., Ltd., CRIC Securities Co. Ltd., Founder Securities (Hong Kong) Capital Co. Ltd., Guotai Junan Securities (Hong Kong) Ltd., Haitong International Securities Co. Ltd., Hongkong and Shanghai Banking Corp. Ltd., Orient Securities (Hong Kong) Ltd., UBS AG Hong Kong Branch and Zhongtai International Securities Ltd. are the joint lead managers and joint bookrunners for the Regulation S offering.

Proceeds are planned to be used for developing business operations.

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

Issuer:E-House (China) Enterprise Holdings Ltd.
Amount:$200 million
Maturity:Feb. 28, 2021
Description:Senior notes
Global coordinators:Credit Suisse (Hong Kong) Ltd. and BOCI Asia Ltd.
Joint bookrunners:Credit Suisse, BOC International, China International Capital Corp., China Merchants Securities (HK) Co., Ltd., CRIC Securities Co. Ltd., Founder Securities (Hong Kong) Capital Co. Ltd., Guotai Junan Securities (Hong Kong) Ltd., Haitong International Securities Co. Ltd., Hongkong and Shanghai Banking Corp. Ltd., Orient Securities (Hong Kong) Ltd., UBS AG Hong Kong Branch and Zhongtai International Securities Ltd.
Coupon:7¾%
Price:98.424
Equity clawback:35% at 107.75
Trade date:Feb. 21
Settlement date:Feb. 28
Rating:S&P: BB (expected)
Distribution:Regulation S

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