China’s Cofco Land on roadshow for dollar-denominated notes

By Christine Van Dusen

Atlanta, Nov. 4 – China’s Cofco Land Holdings Ltd. set out on Tuesday for a roadshow to market a dollar-denominated offering of notes, a market source said.

The issue is expected to be supported by a keepwell deed and a deed of equity interest purchase undertaking to be executed by Cofco (Hong Kong) Ltd., the controlling shareholder of Cofco Land.

The issuer would be Double Rosy Ltd.

Goldman Sachs (Asia) LLC, BOCI Asia Ltd., HSBC Ltd., DBS Bank Ltd., J.P. Morgan Securities plc, ANZ Banking Group Ltd., Bank of Communications Co., Ltd., Hong Kong Branch and Industrial and Commercial Bank of China (Asia) Ltd. are the joint lead managers and bookrunners for the Regulation S deal.

Based in Hong Kong, Cofco is engaged in the development, operation, sale, leasing and management of mixed-use complexes and commercial properties, such as shopping malls, hotels, offices, serviced apartments and resort and tourist properties.

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