Per chi ha nostalgia di rendimenti...e...200k
ISSUER:
Zhenro Properties Group Limited (6158.HK)
SUBSIDIARY GUARANTORS:
Certain non-PRC restricted subsidiaries of the Issuer
ISSUER RATINGS:
B1 Stable (Moody’s) / B Positive (S&P) / B+ Stable (Fitch)
EXPECTED ISSUE RATINGS:
B2 (Moody’s) / B+ (Fitch)
OFFERING:
Fixed Rate Senior Notes
FORMAT:
Regulation S Registered Form, Category 1
SIZE:
Approximately US$250 million
MATURITY:
May 6, 2023 (3.5 years)
ISSUER CALL OPTION:
At 103.5%, callable at any time on or after May 6, 2022
SETTLEMENT DATE:
November 6, 2019 (T+5)
INITIAL PRICE GUIDANCE:
9.40% Area
COVENANTS:
Customary high yield covenant package
USE OF PROCEEDS:
Refinance existing indebtedness, including, without limitation, certain Existing Notes
CLEARING:
Euroclear / Clearstream
OTHER DETAILS:
HKSE Listing / US$200k/US$1k denoms / New York Law
JGCs / JBRs / JLMs:
Deutsche Bank (B&D), HSBC, BNP PARIBAS, CCB International, CMB International, Goldman Sachs (Asia) L.L.C., Haitong International, Standard Chartered Bank, Zhenro Securities
TIMING:
As early as today’s business