New Issue: China’s Seazen sells $250 million 6% senior notes due 2024 at par

Chicago, Aug. 6 – Seazen Group Ltd. sold $250 million 6% senior notes due Aug. 12, 2024 (BB) at par, according to an announcement.

Haitong International Securities Co. Ltd., CLSA Ltd., CMB International Capital Ltd., Central Wealth Securities Investment Ltd. and Seazen Resources Securities Ltd. are the bookrunners for the offering.

Proceeds from the Regulation S issue will be used to repay offshore debt.

Seazen is a Shanghai-based real estate developer.

Issuer:	Seazen Group Ltd.
Issue:	Senior notes
Amount:	$250 million
Maturity:	Aug. 12, 2024
Bookrunners:	Haitong International Securities Co. Ltd., CLSA Ltd. (joint global coordinators), CMB International Capital Ltd., Central Wealth Securities Investment Ltd. and Seazen Resources Securities Ltd.
Coupon:	6%
Price:	Par
Call:	Par plus premium plus interest at any time
Equity clawback:	Up to 35% at 106
Change-of-control put:	At 101
Pricing date:	Aug. 5
Rating:	Fitch: BB
Distribution:	Regulation S

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