VTB Capital has been mandated as a joint lead manager and joint book runner on the placement of USD 300 million Reg-S high-yield bond issue for Logan Property, to be listed on Hong Kong Stock Exchange and priced with a coupon of 11.25%.
VTB Capital has been mandated alongside a syndicate of other leading investment banks including Deutsche Bank, Citigroup, HSBC, Goldman Sachs, J.P. Morgan, CITIC Securities International, ABC International and ICBC International.
Damian Chunilal, CEO Asia for VTB Capital, said: “This transaction is a recognition of VTB Capital’s growing business in Asia and our commitment to high-yield bond and private financing businesses in Asia. It also builds on recent transactions we have been involved in the region. VTB Capital’s participation in this major deal underlines the professionalism and credibility of our team and our capabilities”.
Andrey Solovyev, Global Head of DCM at VTB Capital, commented: “This landmark transaction meets a growing trend across the Asian real estate sector for long-tenor funding through international debt capital markets. This is the first high-yield bond jointly arranged by VTB Capital for a Chinese company which is an important step in development of our DCM business in Asia”.
Logan Property is listed on the Hong Kong Stock Exchange and has a leading market position in Chinese real estate sector.
Head of Press