China’s Seazen plans to sell dollar-denominated guaranteed senior notes

By Cady Vishniac

Detroit, Jan. 6 – Seazen Group Ltd. has proposed to sell dollar-denominated senior notes, according to a press release on Wednesday.

The notes will be dollar-denominated and guaranteed by subsidiary guarantors.

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

Approval in principle has been granted by the Singapore Exchange.

Seazen is a Shanghai-based real estate developer.

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