Beijing Properties (Holdings) Ltd.'s Nimble City Ltd. subsidiary issued US$250.0 million worth of 9.0% guaranteed bonds due Aug. 16, 2020.
From the offering, Nimble is expecting to raise nearly US$248.8 million. The anticipated amount, according to a filing, will be used by the group to refinance its existing debt and for general corporate purposes.
The bonds, intended for listing on the Hong Kong stock exchange, were offered at a price equal to 100% of their principal amount. The bonds were guaranteed by Beijing Properties and issued in denominations of US$200,000, with the excess in integral multiples of US$1,000.
Credit Suisse (Hong Kong) Ltd., Guotai Junan Securities (Hong Kong) Ltd., the Hong Kong branch of China Everbright Bank Co. Ltd., Mizuho Securities Asia Ltd., Shanghai Pudong Development Bank Co. Ltd.'s Hong Kong branch, Silk Road International Capital Ltd., China CITIC Bank International Ltd., Citigroup Global Markets Ltd., Orient Securities (Hong Kong) Ltd. and Zhongtai International Securities Ltd. are the joint lead managers of the offering.