trending Market Intelligence /marketintelligence/en/news-insights/trending/wzk0_2swklxtc9yxgbirna2 content esgSubNav
In This List

Guorui Properties expects to net US$98.2M from US$100M issuance of senior notes

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Guorui Properties expects to net US$98.2M from US$100M issuance of senior notes

Diversified property developer Guorui Properties Ltd. expects an estimated US$98.2 million of net proceeds from its planned issuance of US$100.0 million in 10.0% senior notes due June 7, 2020.

The proceeds will be used to refinance the existing debt of the company and for general working capital purposes, according to a filing.

The notes are being offered at a price equal to 100% of their principal amount for a June 7 settlement and are intended for listing on the Hong Kong stock exchange.

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