By Taylor Fox
New York, Jan. 26 – Zhongliang Holdings Group Co. Ltd. issued $250 million of 7½% senior notes due 2022 (//B+) at 99.717, according to a listing notice.
Proceeds will be used to refinance existing debt.
UBS AG Hong Kong Branch and Guotai Junan Securities (Hong Kong) Ltd. are the joint global coordinators in addition to Bocom International Securities Ltd., CLSA Ltd., TFI Securities and Futures Ltd. and Vision Capital International Holdings Ltd. as the joint bookrunners and joint lead managers.
Zhongliang Holdings is a Chinese residential property management company based in Shanghai.
| Issuer: | Zhongliang Holdings Group Co. Ltd.
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| Issue: | Senior notes
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| Amount: | $250 million
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| Maturity: | Jan. 31, 2022
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| Bookrunners: | UBS AG Hong Kong Branch, Guotai Junan Securities (Hong Kong) Ltd., Bocom International Securities Ltd., CLSA Ltd., TFI Securities and Futures Ltd. and Vision Capital International Holdings Ltd.
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| Coupon: | 7½%
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| Price: | 99.717
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| Pricing date: | Jan. 25
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| Settlement date: | Feb. 1
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| Expected rating: | Fitch: B+
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