New Issue: China Aoyuan Property prices $300 million 11¼% notes due 2019 at 99.254

By Marisa Wong

Madison, Wis., Jan. 10 - China Aoyuan Property Group Ltd. announced it priced $300 million of 11¼% senior notes on Friday.

The five-year notes are priced at 99.254.

UBS AG, Hong Kong Branch, ABCI Capital Ltd. and Haitong International Securities Co. Ltd. are the joint lead managers and joint bookrunners for the Regulation S deal. UBS is also the global coordinator.

Proceeds will be used to refinance the company's existing debt and for general corporate purposes.

China Aoyuan is an investment holding company based in Guangzhou, China.

Issuer:	China Aoyuan Property Group Ltd.
Issue:	Senior notes
Amount:	$300 million
Maturity:	Jan. 17, 2019
Coupon:	11¼%
Price:	99.254
Bookrunners:	UBS AG, Hong Kong Branch, ABCI Capital Ltd. and Haitong International Securities Co. Ltd.
Call:	Make-whole call until Jan. 17, 2017, then at 105.625, then 102.8125
Equity clawback:	For up to 35% at 111.25 until Jan. 17, 2017
Pricing date:	Jan. 10
Distribution:	Regulation S

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