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China South City closes US$100M issuance of senior notes due 2020

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China South City closes US$100M issuance of senior notes due 2020

Hong Kong-based China South City Holdings Ltd. on June 4 completed the further issuance of US$100.0 million of 10.875% senior notes due August 2020.

The real estate developer expected to net approximately US$98.9 million from the issuance, with the funds to be used for debt refinancing and general corporate purposes.

The notes will be listed on the Singapore Stock Exchange.