News

Proposed Bond Offering

BackMay 14, 2013
NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT)) OR IN ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW

Yanlord Land Group Limited (the "Company"), rated Ba3 stable by Moody's and BB- stable by S&P, has mandated Citi, DBS Bank Ltd., HSBC and Standard Chartered Bank (Hong Kong) Limited as joint lead managers and joint bookrunners for a proposed CNH Regulation S senior notes (the "notes") offering by Yanlord Land (HK) Co., Limited, a wholly-owned subsidiary of the Company. A transaction may follow, subject to market conditions, upon completion of a series of fixed income investor meetings in Singapore and Hong Kong on May 14, 2013. The notes, if issued, are expected to be rated. FCA/ICMA stabilization applies.

This notice is confidential and solely for the use of the person it is addressed to and its advisors. This notice does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or elsewhere. The securities referred to herein have not been and will not be registered under the U.S. Securities Act, or any state securities laws of the United States or other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the Securities Act and applicable state securities laws of the United States. Nothing in this communication shall constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction in which such offer or sale would be unlawful. A rating is not a recommendation to buy, sell or hold the notes and may be subject to suspension, reduction or withdrawal at any time by the rating agency.