By Wendy Van Sickle
Columbus, Ohio, Sept. 13 – CIFI Holdings (Group) Co. Ltd. priced RMB 1 billion of 7¾% two-year senior notes at par on Thursday, according to a notice.
Standard Chartered Bank is the bookrunner for the Regulation S offering.
Proceeds will be used to refinance debt and for general corporate purposes.
CIFI is a property development and investment company based in Shanghai.
Issuer: | CIFI Holdings (Group) Co. Ltd.
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Issue: | Senior notes
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Amount: | RMB 1 billion
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Maturity: | Sept. 20, 2020
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Coupon: | 7¾%
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Price: | Par
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Yield: | 7¾%
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Bookrunner: | Standard Chartered Bank
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Call: | Make-whole call
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Equity clawback: | For up to 35% at 107.75 at any time
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Ratings: | Fitch: BB
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Pricing date: | Sept. 13
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Settlement date: | Sept. 20
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Distribution: | Regulation S
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