China Jinmao plans to sell dollar-denominated notes

By Christine Van Dusen

Atlanta, Feb. 21 – China Jinmao Holdings Group Ltd. is planning to sell dollar-denominated notes (expected rating: //BBB-) via subsidiary Franshion Brilliant Ltd., according to a company filing.

The managers for the sale will be Hongkong and Shanghai Banking Corp. Ltd., DBS Bank Ltd., Goldman Sachs (Asia) LLC, Standard Chartered Bank, Bank of Communications Co., Ltd., Hong Kong Branch and Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch.

Pricing is expected on Feb. 22.

The company is also offering to repurchase for cash Franshion’s $500 million 4.7% notes due 2017.

Participants in the tender will be given priority in the allocation of notes form the new deal.

China Jinmao is a Hong Kong-based investment holding company that invests in and develops real estate in mainland China.

© 2015 Prospect News.
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