Country Garden Holdings Co Ltd (CGHCL) 2021-1

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD500.0005.5Jan-26SeniorBaa3-BBB-FixedCT5CT5+285 aCT5+2352352.70%-99.94400
USD700.00010Jan-31SeniorBaa3-BBB-Fixed-CT10+290 aCT10+2402403.30%-99.64500
Tranche Comments
5.5 yr: Registration: Reg S Only; Comments: USD500m 5.5yr fxd. bmk, snr RegS. Baa3/BBB-. MS/UBS/HSBC/BNPP/JPM. T5+235bp (the #). T5+285a. With 10yr. Combined books with 10yr tranche at over US$10.5bn (Incl. JLM US$330m). Launch 500m. MWC, 1mPC.; 10 yr: Registration: Reg S Only; Comments: USD700m 10yr fxd. bmk, snr RegS. Baa3/BBB-. MS/UBS/HSBC/BNPP/JPM. T10+240bp (the #). T10+290a. Refinance. Combined books with 5.5yr tranche at over US$10.5bn (Incl. JLM US$330m). Launch 700m. MWC, 3mPC. Benchmark: CT10.;
Guarantor(s)
Certain of the Company’s Restricted Subsidiaries outside the PRC
Use of Proceeds
Refinancing