Lifestyle International (HKG:1212) intends to conduct an offering of fixed rate US dollar-denominated guaranteed bonds to be issued by its wholly-owned subsidiary LS Finance (2017) Limited and guaranteed by Lifestyle. A roadshow is expected to commence soon.

Lifestyle has appointed Merrill Lynch International and JP Morgan as the joint lead managers and joint bookrunners for the offering. The terms of the proposed bonds, including the aggregate principal amount, the offer price, the interest rate, maturity and the final terms and conditions of the bonds will be determined by the issuer and Lifestyle through a book building exercise conducted by the joint lead managers and joint bookrunners.

The net proceeds of the offering will be on-lent to Lifestyle and/or its subsidiaries for funding capital expenditures relating to new department store projects in the PRC.

Application will be made to The Stock Exchange of Hong Kong Limited for listing of, and permission to deal in, the bonds by way of debt issues to professional investors only.