trending Market Intelligence /marketintelligence/en/news-insights/trending/mMa_6PlHSlrc6t2zR1wmCg2 content esgSubNav
In This List

China Evergrande subsidiary issues US$600M of senior notes

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)


China Evergrande subsidiary issues US$600M of senior notes

Scenery Journey Ltd., a subsidiary of China Evergrande Group's Hengda Real Estate Co. Ltd. real estate development business, issued US$600 million of 9.00% senior notes due March 6, 2021.

The notes were guaranteed by Tianji Holding Ltd., the sole overseas financing platform of Hengda Real Estate. The notes are offered at a price equivalent to 100% of its principal amount and scheduled for listing on the Singapore stock exchange March 7.

Scenery Journey intends to use net proceeds from the issuance to primarily refinance its existing offshore debt and for general corporate expenditures.

Haitong International Securities Co. Ltd. was the sole global coordinator, sole lead manager and sole book runner of the offering.