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Fantasia Holdings lines up $400M notes offering

FantasiaHoldings Group Co. Ltd. is planning an issue of US$400 million in7.375% senior notes due 2021.

The estimated net proceeds of US$394.8 million will be used torefinance certain existing debt, the company said. It could also reallocate theuse of the proceeds in light of changing market conditions.

The company and its subsidiary guarantors signed a purchaseagreement with Guotai Junan Securities (Hong Kong) Ltd., ABC Capital Ltd.,Merrill Lynch International and CLSA Ltd.

The notes will mature Oct. 4, 2021, unless redeemed earlier,and the offering price will be 100% of the principal amount of the notes. Theinterest will be payable semiannually in arrears on April 4 and Oct. 4 eachyear, commencing April 4, 2017. In-principle approval has been obtained for thelisting of the notes on the official list of the Singapore bourse.

Guotai Junan, ABC Capital, Merrill Lynch and CLSA are thejoint lead managers and joint book runners for the offer and sale of the notes.