New Issue: Zhongliang Holdings sells $300 million 11˝% senior notes due 2021

Chicago, Sept. 19 – Zhongliang Holdings Group Co. Ltd. priced $300 million 11˝% senior notes due Sept. 26, 2021, according to a notice.

The notes were offered at 99.134.

The notes are callable at par plus an applicable premium and interest at any time prior to maturity.

Standard Chartered Bank, Guotai Junan Securities (Hong Kong) Ltd., Nomura International (Hong Kong) Ltd., Merrill Lynch (Asia Pacific) Ltd., CCB International Capital Ltd., CMB International Capital Ltd., Credit Suisse (Hong Kong) Ltd., Goldman Sachs (Asia) LLC, Hongkong and Shanghai Banking Corp. Ltd. and UBS AG Hong Kong Branch are the joint global coordinators, joint bookrunners and joint lead managers.

Proceeds will be used to refinance onshore debt.

Zhongliang Holdings is a Chinese residential property management company.

Issuer:	Zhongliang Holdings Group Co. Ltd.
Issue:	Senior notes
Amount:	$300 milion
Maturity:	Sept. 26, 2021
Bookrunners:	Standard Chartered Bank, Guotai Junan Securities (Hong Kong) Ltd., Nomura International (Hong Kong) Ltd., Merrill Lynch (Asia Pacific) Ltd., CCB International Capital Ltd., CMB International Capital Ltd., Credit Suisse (Hong Kong) Ltd., Goldman Sachs (Asia) L.L.C., Hongkong and Shanghai Banking Corp. Ltd. and UBS AG Hong Kong Branch
Coupon:	11˝%
Price:	99.134
Issue date:	Sept. 19
Call:	At par plus premium plus interest, at any time
Equity clawback:	Up to 35% at 111.5, at any time prior to maturity
Ratings:	Moody’s: B2
	Fitch: B+

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