China’s Redco Properties announces plans for dollar-denominated notes

By Angela McDaniels

Tacoma, Wash., July 24 – Redco Properties Group Ltd. plans to issue dollar-denominated guaranteed senior notes, according to a company news release.

Hongkong and Shanghai Banking Corp. Ltd., ICBC International Capital Ltd. and Kingston Securities Ltd. are the global coordinators for the Regulation S offering.

Guotai Junan Securities (Hong Kong) Ltd., HSBC, ICBC, Kingston, Morgan Stanley & Co. International plc, SC Lowy Financial (HK) Ltd. and VTB Capital plc are the lead managers and the bookrunners.

The company plans to use the proceeds to refinance some existing debt, to finance its existing and new property development projects and for other general corporate purposes.

The notes will be guaranteed by some non-People’s Republic of China subsidiaries of the company.

Redco is a residential and commercial property developer based in Shenzhen, China.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.