New Issue: China's Poly Property sells $500 million 4¾% five-year notes at par

By Christine Van Dusen

Atlanta, May 9 - China's Poly Property Group Co. Ltd. sold $500 million five-year notes on Thursday at par to yield 4¾%, a market source said.

The notes were talked at a yield of 4¾%.

BOC International, Citigroup, Deutsche Bank, ICBC International, RBS and UBS were the bookrunners for the Regulation S deal.

The notes include a change-of-control put at 101%.

Poly Property is a residential and commercial property company based in Hong Kong.

Issuer:	Poly Property Group Co. Ltd.
Amount:	$500 million
Maturity:	May 16, 2018
Description:	Senior notes
Bookrunners:	BOC International, Citigroup, Deutsche Bank, ICBC International, RBS, UBS
Coupon:	4¾%
Price:	Par
Yield:	4¾%
Change-of-control put:	At 101%
Trade date:	May 9
Settlement date:	May 16
Distribution:	Regulation S
Price talk:	4¾%

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