HONG KONG (Indonesia Today) – Property developer Sunac China Holdings Limited plans to issue US$400 million 12.5% Senior Notes due 2017.
“The company intends to use the net proceeds from the Notes Issue to finance new land acquisitions and for general corporate purposes,” Sunac said this morning.
Deutsche Bank is the sole global coordinator and Deutsche Bank, BofA Merrill Lynch, Citi, Morgan Stanley and UBS are the joint lead managers and joint bookrunners in respect of the offer and sale of the Notes.
Sunac has engaged in project developments in the four main regions of Beijing, Tianjin, Chongqing and Shanghai, which are currently in different phases and has covered a diverse range of property types, such as high-rise and mid-rise apartments, detached villas, townhouses, retail properties, offices and car parks. (Indonesia Today)