New Issue: China’s Leading Holdings prices $150 million 12% notes due 2022 at 99.545

By Wendy Van Sickle

Columbus, Ohio, June 24 – Leading Holdings Group Ltd. priced $150 million of 12% senior notes due 2022 at 99.545, according to a notice.

The Regulation S issue will be guaranteed by subsidiary guarantors.

There is a make-whole optional call in place for the duration of the life of the notes.

Guotai Junan Securities (Hong Kong) Ltd., China International Capital Corp. Hong Kong Securities Ltd., Valuable Capital Ltd., HSBC Ltd., China Everbright Securities (HK) Ltd., CMB International Capital Ltd., CCB International Capital Ltd., Haitong International Securities Co. Ltd., Barclays, CRIC Securities Co. Ltd., Vision Capital International Holdings Ltd., Central Wealth Securities Investment Ltd., Shenwan Hongyuan Securities (HK) Ltd. and China Merchants Securities (HK) Co., Ltd. are the bookrunners.

Proceeds will be used for general corporate purposes.

The investment holding company is principally involved in residential and commercial property development in China.

Issuer:	Leading Holdings Group Ltd.
Issue:	Senior notes
Amount:	$150 million
Maturity:	June 27, 2022
Coupon:	12%
Price:	99.545
Bookrunners:	Guotai Junan Securities (Hong Kong) Ltd., China International Capital Corp. Hong Kong Securities Ltd., Valuable Capital Ltd., HSBC Ltd., China Everbright Securities (HK) Ltd., CMB International Capital Ltd., CCB International Capital Ltd., Haitong International Securities Co. Ltd., Barclays, CRIC Securities Co. Ltd., Vision Capital International Holdings Ltd., Central Wealth Securities Investment Ltd., Shenwan Hongyuan Securities (HK) Ltd. and China Merchants Securities (HK) Co., Ltd.
Call:	Make-whole call until maturity
Equity clawback:	For up to 35% at 112
Pricing date:	June 24
Distribution:	Regulation S

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