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Redco Properties Group plans international note offering

Chinese property developer Redco Properties Group Ltd. plans to offer U.S. dollar-denominated senior fixed-rate notes in an international offering.

The company plans to use net proceeds of the offering to refinance certain of its existing debt and for other general corporate purposes.

The company expects to enter into a purchase agreement with respect to the notes with Credit Suisse, UBS, Barclays and Orient Securities (Hong Kong) once the terms for the notes are finalized, and will make an application to list the notes on the Singapore stock exchange.