By Sarah Lizee
Olympia, Wash., Aug. 26 – Jiangsu Zhongnan Construction Group Co., Ltd. issued $150 million more 10 7/8% guaranteed senior notes due 2022 through subsidiary Haimen Zhongnan Investment Development (International) Co., Ltd., according to a notice of listing on the Stock Exchange of Hong Kong Ltd.
The notes will be consolidated and form a single series with the $350 million of 10 7/8% guaranteed senior notes (B3/B-) due 2022 priced on June 11.
Guotai Junan International was the lead manager, bookrunner and global coordinator.
Jiangsu Zhongnan is a real estate development business based in Haimen, China.
| Issuer: | Haimen Zhongnan Investment Development (International) Co., Ltd.
|
| Guarantor: | Jiangsu Zhongnan Construction Group Co., Ltd.
|
| Issue: | Guaranteed senior notes add-on
|
| Amount: | $150 million
|
| Maturity: | 2022
|
| Bookrunner: | Guotai Junan International
|
| Coupon: | 10 7/8%
|
| Announcement date: | Aug. 26
|
| Listing date: | Aug. 27
|
| Total issuance: | $500 million, including $350 million priced on June 11
|
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