NEW DEAL: CSI Properties USD 5Y Bond, IPT 5.125% Area

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SSUER: Estate Sky Limited
GUARANTOR: CSI Properties Limited (497 HK)
RATING: Unrated
FORMAT: Reg S, Registered Form
STATUS: Direct, unsecured and unsubordinated obligations of the Issuer
ISSUE SIZE: TBD
TENOR: 5-Year
PRICE GUIDANCE: 5.125% Area
SETTLEMENT DATE: 8 Aug 2016 (T+5)
USE OF PROCEEDS: General working capital of the Group
TERMS: SGX-ST Listing; US$200k/US$1k denoms; English Law
JGCs: HSBC, UBS, DBS Bank Ltd.
JBRs / JLMs: HSBC, UBS, DBS Bank Ltd., BofAML, Sun Hung Kai Financial
TIMING: As early as today’s business

** KEY COMPS:
REGH 3.875% 07/21 350MM 100.250/100.450 3.819%/3.775%
CSIPTY 6.500% 01/18 133MM 102.500/103.750 4.701%/3.825%

Category : Bond Markets, Market
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