Maoye International Holdings Limited 7.000% fixed rate Reg S Notes due 2018 (364-days) guaranteed by the Company’s existing non PRC subsidiaries
Haitong Bank acted as Joint Lead Manager and Joint Bookrunner on USD300m 7.000% public issue of 364-day senior unsecured, fixed rate notes due 2018 for Maoye International Holdings Limited.
The notes, which are guaranteed by the Company’s existing non-PRC subsidiaries will be listed in HKSE and the final orderbook garnered strong investor demand of USD 2.2bn (7.3x oversubscribed).
This marks the Issuer’s second outing in the international debt capital markets following its inaugural USD300m 7.75% 3 year Reg S notes in May 2014.
The Company is the leading department store operators in the affluent regions of China, operating over 40 stores across 18 cities and targeting the medium to high-end segment of the retail market.
Ownership: Listed in HKSE (848-HK); 82.7% owned by Huang Mao Ru, the founder, Chairman and CEO of the Company