By Sarah Lizee
Olympia, Wash., Aug. 3 – Huijing Holdings Co. Ltd. sold $110 million of 12½% senior notes due Aug. 5, 2021 at par on Monday, according to a notice.
CMB International Capital Ltd. is the placing agent.
At any time before Aug. 5, 2021, the notes are callable in whole at par plus an applicable premium and accrued interest to but excluding the redemption date.
Proceeds from the Regulation S notes will be used to refinance debt and for other general corporate purposes.
Huijing Holdings focuses on development of commercial and residential properties. It is based in Shanghai.
Issuer: | Huijing Holdings Co. Ltd.
|
Issue: | Senior notes
|
Amount: | $110 million
|
Maturity: | Aug. 5, 2021
|
Agent: | CMB International Capital Ltd.
|
Coupon: | 12½%
|
Price: | Par
|
Call: | In whole at par plus applicable premium and interest at any time before Aug. 5, 2021
|
Equity clawback: | Up to 35% at 112.5% at any time prior to Aug. 5, 2021
|
Pricing date: | Aug. 3
|
Settlement date: | Aug. 6
|
Distribution: | Regulation S
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.