Shimao Property Plans Senior Note Issue For New Projects, Debt Repayment

27th Jul 2010 02:25

HONG KONG (Dow Jones)--Mainland China developer Shimao Property Holdings Ltd. (0813.HK) said in a statement Tuesday it plans to issue senior notes to repay existing debt and develop new projects. The developer didn't give any details about the offering, such as its size, but said its completion would be subject to market conditions. Morgan Stanley (MS), HSBC Holdings PLC (HBC) and Standard Chartered PLC (STAN.LN) are the joint lead managers and joint bookrunners of the note sale, the statement said. -By Yvonne Lee, Dow Jones Newswires; 852-2802-7002; [email protected] (END) Dow Jones Newswires July 26, 2010 21:25 ET (01:25 GMT)