By Wendy Van Sickle
Columbus, Ohio, May 25 – Haixi Overseas Investment Co. Ltd. priced $100 million of 2.3% credit-enhanced bonds due 2024, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.
The notes are guaranteed by Jiangsu Jinguan Investment Development Group Co. Ltd. and have the benefit of an irrevocable standby letter of credit issued by Bank of Jiangsu Co., Ltd. Lianyungang Branch.
Goldbridge Securities and Haitong International are the global coordinators and are the bookrunners and lead managers along with BOSC International, China Everbright Bank Hong Kong Branch, Dongxing Securities (Hong Kong), Fosun Hani and Shanghai Pudong Development Bank, Hong Kong Branch.
Jiangsu Jinguan offers infrastructure construction services and is based in Lianyungang, China.
| Issuer: | Haixi Overseas Investment Co. Ltd.
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| Guarantor: | Jiangsu Jinguan Investment Development Group Co. Ltd.
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| Issue: | Credit-enhanced bonds
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| Amount: | $100 million
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| Maturity: | 2024
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| Joint bookrunners: | Goldbridge Securities, Haitong International (global coordinators), BOSC International, China Everbright Bank Hong Kong Branch, Dongxing Securities (Hong Kong), Fosun Hani and Shanghai Pudong Development Bank, Hong Kong Branch
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| Coupon: | 2.3%
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| Announcement date: | May 25
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| Listing date: | May 26
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| Distribution: | Regulation S
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