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China South City completes issuance of US$150M senior notes due 2020

Hong Kong-based real estate developer China South City Holdings Ltd. closed the issuance May 24 of US$150.0 million of 10.875% senior notes due August 2020.

The company is expected to net approximately US$147.7 million from the issuance, with the funds to be channeled toward debt refinancing and for general corporate expenditures.

The notes will be listed on the Singapore Stock Exchange.