trending Market Intelligence /marketintelligence/en/news-insights/trending/gqjLxY9SNkMKRmpoaXqprA2 content esgSubNav
In This List

Sunac China to issue US$600M of 8.375% senior notes due 2021

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Sunac China to issue US$600M of 8.375% senior notes due 2021

Sunac China Holdings Ltd. is issuing US$600 million of 8.375% senior notes due Jan. 15, 2021, at 100% of their principal amount.

Interest of the notes will be payable semiannually in arrears on Jan. 15 and July 15 of each year, starting July 15.

Proceeds from the issuance will primarily be used to refinance the Chinese real estate developer's existing debt.

Approvals are in place for the listing of the notes on the Singapore Exchange Securities Trading Ltd. and their admission to the official list of the exchange, according to a release.

The Hongkong and Shanghai Banking Corp. Ltd., Morgan Stanley & Co. International plc, China CITIC Bank International Ltd., China Industrial Securities International Brokerage Ltd., CMB International Capital Ltd., Deutsche Bank AG's Hong Kong branch, Guotai Junan Securities (Hong Kong) Ltd., ICBC International Securities Ltd. and Nomura International (Hong Kong) Ltd. are acting as joint global coordinators and joint book runners for the notes issue.