Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for China Overseas Holdings Ltd. > News item |
China Overseas plans up to $850 million exchangeables due 2021
By Marisa Wong
Madison, Wis., Jan. 8 - China Overseas Holdings Ltd. said its wholly owned subsidiary, China Overseas Finance Investment (Cayman) IV Ltd., plans to issue up to $850 million of zero-coupon exchangeable bonds due 2021 guaranteed by the parent company.
The bonds will be exchangeable beginning on Jan. 1, 2015.
Citigroup Global Markets Ltd. and Goldman Sachs (Asia) LLC are the joint bookrunners and lead managers for the Regulation S offering.
The bonds are expected to price on Jan. 10 and settle on Feb. 4. The new issue is being offered concurrently with a repurchase of existing exchangeable bonds due 2014.
China Overseas is a Hong Kong-based construction and development company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.