Agile Property guides $200 million five-year notes in 5¾% area; pricing expected Tuesday

By Paul A. Harris

Portland, Ore., Aug. 7 – Chinese property developer Agile Group Holdings Ltd. guided its $200 million offering of five-year senior notes (B1/B+) to yield in the 5¾% area on Monday, according to a market source.

The deal is expected to price on Tuesday.

Standard Chartered Bank and HSBC are managing the sale.

The notes come with three years of call protection.

The Hong Kong-based company plans to use the proceeds to refinance debt.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.