trending Market Intelligence /marketintelligence/en/news-insights/trending/jSAeolr0xD9SNcG_b7LNwg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Road King Infrastructure unit to issue US$400M of 7.75% senior notes due 2021

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Road King Infrastructure unit to issue US$400M of 7.75% senior notes due 2021

Chinese real estate developer Road King Infrastructure Ltd.'s RKPF Overseas 2019 (B) Ltd. unit is issuing US$400 million of 7.75% guaranteed senior notes due April 18, 2021, to gather net proceeds of roughly US$394 million.

Proceeds from the issuance will be used to finance the repurchase of US$150.0 million of the US$450.0 million guaranteed senior notes due 2019 issued by its RKI Overseas Finance 2016 (A) Ltd. subsidiary, as well as the repayment of any non-tendered notes at their maturity. The funds will also be channeled toward refinancing other debt and general corporate purposes, according to a release.

The notes, priced at 100% of the principal amount, are expected to be issued on or around Jan. 18, and have an approval in place for a listing on the official list of the Singapore Exchange Securities Trading Ltd.

The Hongkong and Shanghai Banking Corp. Ltd., J.P. Morgan Securities plc and China CITIC Bank International Ltd. are serving as joint global coordinators, joint book runners and joint lead managers for the offering.