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China's Shimao Property plans to offer dollar-denominated notes
By Marisa Wong
Madison, Wis., Jan. 14 - Shimao Property Holdings Ltd. plans to conduct an international offering of dollar-denominated guaranteed senior notes.
HSBC and Standard Chartered Bank are the joint global coordinators, joint lead managers and joint bookrunners for the proposed Regulation S notes. Goldman Sachs, JPMorgan, UBS, Citigroup and Morgan Stanley are also joint lead managers and joint bookrunners.
Proceeds will be used to refinance existing debt, to finance existing and new property development projects and for general corporate purposes.
The real estate development company is based in Hong Kong.
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