Published on 4/10/2019 in the Prospect News Emerging Markets Daily.
New Issue: China’s Excellence Commercial sells $100 million 7.2% notes due 2022
By Marisa Wong
Morgantown, W.Va., April 10 – Excellence Commercial Management Ltd. issued $100 million of 7.2% guaranteed senior notes due 2022 on Wednesday, according to a Singapore Stock Exchange notice.
Guotai Junan Securities (Hong Kong) Ltd., Bank of East Asia, Ltd., China Everbright Bank Co., Ltd., Hong Kong Branch and HeungKong Securities Ltd. are the bookrunners.
The real estate development company is based in Shenzhen, China.
| Issuer: | Excellence Commercial Management Ltd.
|
| Issue: | Guaranteed senior notes
|
| Amount: | $100 million
|
| Maturity: | 2022
|
| Bookrunners: | Guotai Junan Securities (Hong Kong) Ltd., Bank of East Asia, Ltd., China Everbright Bank Co., Ltd., Hong Kong Branch and HeungKong Securities Ltd.
|
| Coupon: | 7.2%
|
| Settlement date: | April 10
|
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