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Central China Real Estate plans US$300M notes issue for debt repayment

To raise funds for debt repayment, Central China Real Estate Ltd. is planning to issue US$300 million of 6.5% senior notes due March 5, 2021.

The notes will be offered outside the U.S. at a price equivalent to 100.00% of their principal amount, according to a filing. The notes are expected to be settled March 5.

Central China said it has obtained approval in principle for the listing of the notes on the Singapore stock exchange.

Credit Suisse (Hong Kong) Ltd., Deutsche Bank AG, Guotai Junan Securities (Hong Kong) Ltd., Haitong International Securities Co. Ltd., Morgan Stanley & Co. International Plc and VTB Capital Plc will be joint book runners, joint lead managers and initial purchasers with respect to the proposed offering.