By Wendy Van Sickle
Columbus, Ohio, Jan. 13 – Logan Property Holdings Co. Ltd. priced a $180 million tap of its 6.9% senior notes (BB-) due 2024 at 104.893 on Monday, according to a notice.
The notes will be consolidated and form a single series with the $100 million of 6.9% notes due 2024 issued on Sept. 9.
Bookrunners for the Regulation S offering were Guotai Junan International, Haitong International, Barclays and China Everbright Bank Hong Kong Branch.
Proceeds from the add-on will be used to refinance existing debt.
Logan Property is a Shenzhen, China-based real estate development company.
| Issue: | Logan Property Holdings Co. Ltd.
|
| Issue: | Senior notes
|
| Amount: | $180 million add-on
|
| Maturity: | 2024
|
| Bookrunners: | Guotai Junan International, Haitong International, Barclays and China Everbright Bank Hong Kong Branch
|
| Coupon: | 6.9%
|
| Price: | 104.893
|
| Yield: | 5.4%
|
| Pricing date: | Jan. 13
|
| Settlement date: | Jan. 17
|
| Rating: | S&P: BB-
|
| Distribution: | Regulation S
|
| Original issue: | $100 million issued Sept. 9, 2019
|
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