New Issue: China South City prices $200 million add-on to 11½% notes due 2022 at 98.791

By Wendy Van Sickle

Columbus, Ohio, Jan. 13 – China South City Holdings Ltd. priced $200 million more of its 11½% senior notes due Feb. 12, 2022 (expected: //B) at 98.791 on Monday.

The notes will form a single series with the $150 million of notes priced by the company on Dec. 5, according to a company announcement.

UBS, Barclays, Credit Suisse, Guotai Junan International, Haitong International, BOC International, CCB International, HeungKong Financial, Kaisa Financial Group and Orient Securities (Hong Kong) are joint bookrunners and joint lead managers for the Regulation S transaction.

Proceeds will be used to refinance existing debt and for general corporate purposes.

Based in Hong Kong, China South City develops and operates large-scale, integrated logistics and trade centers in China.

Issuer:	China South City Holdings Ltd.
Issue:	Senior notes
Amount:	$200 million
Maturity:	Feb. 12, 2022
Bookrunners:	UBS, Barclays, Credit Suisse, Guotai Junan International, Haitong International, BOC International, CCB International, HeungKong Financial, Kaisa Financial Group and Orient Securities (Hong Kong)
Coupon:	11½%
Price:	98.791
Call option:	In whole at any time at par plus an applicable premium
Equity clawback:	Up to 35% at 111.5
Pricing date:	Jan. 13
Settlement date:	Jan. 21
Expected rating:	Fitch: B
Distribution:	Regulation S
Original issue:	$150 million priced on Dec. 5

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