China's Agile Property to start roadshow Monday for up to $400 million senior notes

By Paul A. Harris

St. Louis, Nov. 2 - China's Agile Property Holdings Ltd. will begin a roadshow on Monday for up to $400 million of senior notes (Ba3/BB) in fixed- and floating-rate tranches, according to a market source.

Following the roadshow, which will include presentations to investors in Asia, Europe and the United States, the deal is expected to price early in the week of Nov. 12.

HSBC has the books for the Rule 144A and Regulation S offering.

Proceeds will be used to finance new and existing projects.

Agile is a Hong Kong-based Property developer.

The company last tapped the dollar-denominated bond market in September 2006 when it priced a $400 million issue of senior notes due Sept. 22, 2013.

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