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Times China plans to price add-on to 6¾% senior notes due 2025
By Marisa Wong
Los Angeles, Oct. 22 – Times China Holdings Ltd. is proposing to conduct a further international offering of its 6¾% senior notes due 2025.
Times China had issued $300 million of the notes on July 8.
Pricing of the additional notes will be determined through a book-building exercise to be conducted by UBS AG Hong Kong Branch, Credit Suisse (Hong Kong) Ltd., Deutsche Bank AG, Singapore Branch, CLSA Ltd., China Citic Bank International Ltd., Citigroup Global Markets Ltd., Guotai Junan Securities (Hong Kong) Ltd., Haitong International Securities Co. Ltd., Hongkong and Shanghai Banking Corp. Ltd. and Bank of East Asia, Ltd.
The company plans to use proceeds from the Regulation S add-on to refinance existing debt.
Times China is a property development holding company based in Guangzhou, China.
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