Times China presses on with refinancing with $350m outing

China property_Adobe_23July
By Morgan Davis
16 Sep 2020

Times China Holdings raised $350m from a 5.5 year bond on Tuesday as a way to get ahead of its 2021 dollar maturities.

The Ba3/BB-/BB- rated property company announced the Reg S trade in tandem with a tender offer for its $500m 6.25% 2021 notes. CLSA, Credit Suisse, Deutsche Bank and UBS were mandated as the dealer managers. The tender offer, set at 100.8 plus accrued interest, expires at 4pm London ...

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