New Issue: Central China Real Estate sells $260 million 7½% notes due 2025

By Taylor Fox

New York, Jan. 14 – Central China Real Estate Ltd. placed $260 million of 7½% senior notes due July 14, 2025, according to an announcement.

BNP Paribas, Merrill Lynch (Asia Pacific) Ltd., CCB International Capital Ltd., China Citic Bank International Ltd., Deutsche Bank AG, Singapore Branch, Haitong International Securities Co. Ltd., Morgan Stanley & Co. International plc and Standard Chartered Bank are the joint bookrunners and joint lead managers.

Deutsche Bank AG, Hong Kong Branch is the principal paying agent.

The investment holding company is based in Zhengzhou City, China, and primarily engages in property development in China’s Henan Province.

Issuer:	Central China Real Estate Ltd.
Issue:	Senior notes
Amount:	$260 million
Maturity:	July 14, 2025
Bookrunners:	BNP Paribas, Merrill Lynch (Asia Pacific) Ltd., CCB International Capital Ltd., China Citic Bank International Ltd., Deutsche Bank AG, Singapore Branch, Haitong International Securities Co. Ltd., Morgan Stanley & Co. International plc and Standard Chartered Bank
Coupon:	7½%
Settlement date:	Jan. 14
Listing date:	Jan. 15

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