Published on 12/16/2019 in the Prospect News Emerging Markets Daily.
New Issue: Seazen’s New Metro unit sells $350 million 7½% guaranteed notes due 2021
By Marisa Wong
Los Angeles, Dec. 16 – Seazen Holdings Co., Ltd.’s indirect wholly owned subsidiary, New Metro Global Ltd., issued $350 million of 7½% guaranteed senior notes due 2021 on Monday, according to a notice.
The notes (//BB) are guaranteed by Seazen.
Haitong International Securities Co. Ltd., China Citic Bank International Ltd., CMB International Capital Ltd., Central Wealth Securities Investment Ltd., Seazen Resources Securities Ltd., Guotai Junan Securities (Hong Kong) Ltd. and Orient Securities (Hong Kong) Ltd. are the bookrunners.
Seazen is a Shanghai-based real estate developer.
| Issuer: | New Metro Global Ltd.
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| Guarantor: | Seazen Holdings Co., Ltd.
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| Issue: | Senior notes
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| Amount: | $350 million
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| Maturity: | Dec. 16, 2021
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| Bookrunners: | Haitong International Securities Co. Ltd., China Citic Bank International Ltd., CMB International Capital Ltd., Central Wealth Securities Investment Ltd., Seazen Resources Securities Ltd., Guotai Junan Securities (Hong Kong) Ltd. and Orient Securities (Hong Kong) Ltd.
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| Coupon: | 7½%
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| Settlement date: | Dec. 16
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| Rating: | Fitch: BB
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