VTB Capital has been mandated as a joint bookrunner on the placement of USD 250 million Reg-S high-yield bond issue for Logan Property, to be listed on Hong Kong Stock Exchange and priced with a coupon of 9.75% with three year maturity. The company has a leading market position in the Chinese real estate industry.
VTB Capital has been mandated alongside a syndicate of other leading investment banks, including Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC and JP Morgan.
Andrey Solovyev, Global Head of DCM at VTB Capital, said: “This is the second VTB Capital transaction for Logan Property Holdings. In May, we participated in the company’s USD 300 million High-Yield Bond, and in recent months we have implemented a number of other transactions for Chinese companies”.
George Niedringhaus, Global Head of Syndicate at VTB Capital, said: “This is another example of how we continue to successfully push the boundaries in the international capital markets. Asian business is a top priority for us and this excellent outcome is the direct result of our team’s hard work and dedication to the region and its issuers.”
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