China Logistics Property Holdings Co. Ltd. is planning to issue US$100.0 million of 9.00% senior notes due Feb. 4, 2019.
The notes will be issued at 100% of the principal amount, with interest payable in arrears on Aug. 7 and on maturity.
Gross proceeds from the offering are intended to be used to repay existing offshore debt and for general corporate purposes.
UBS AG Hong Kong branch, Haitong International Securities Co. Ltd. and Guotai Junan Securities (Hong Kong) Ltd. are the joint global coordinators of the issuance.
Haitong International and UBS are also acting as joint book runners and joint lead managers, along with AMTD Global Markets Ltd., Fosun Hani Securities Ltd., Guotai Junan Securities (Hong Kong) Ltd. and Mizuho Securities.
