New Issue-Hidili Industry sells $400 mln in notes

Oct 28 (BestGrowthStock) – Hidili Industry International
Development Ltd (1393.HK: ) on Thursday sold $400 million of
senior notes in the 144a private placement market, said IFR, a
Thomson Reuters service.

Citigroup, Bank of America Merrill Lynch, UBS and JP Morgan
were the joint bookrunning managers for the sale.
BORROWER: HIDILI INDUSTRY INTERNATIONAL DEVELOPMENT LTD
AMT $400 MLN COUPON 8.625 PCT MATURITY 11/4/2015
TYPE SR NTS ISS PRICE 100 FIRST PAY 5/4/2011
MOODY’S B1 YIELD 8.625 PCT SETTLEMENT 11/4/2010
S&P BB-MINUS SPREAD N/A PAY FREQ SEMI-ANNUAL
FITCH N/A NON-CALLABLE 3 YRS

New Issue-Hidili Industry sells $400 mln in notes