Published on 4/9/2021 in the Prospect News Emerging Markets Daily.
New Issue: Jardine Matheson unit prices $1.2 billion bonds due 2031, 2036
By Marisa Wong
Los Angeles, April 9 – JMH Co. Ltd. issued $800 million of 2˝% bonds due 2031 and $400 million of 2 7/8% bonds due 2036 on Friday, according to a notice.
The notes (A1/A+) are guaranteed by parent company Jardine Matheson Holdings Ltd.
Hongkong and Shanghai Banking Corp. Ltd., Bank of China (Hong Kong) Ltd., DBS Bank Ltd., Mizuho Securities Asia Ltd., MUFG Securities Asia Ltd. and SMBC Nikko Capital Markets Ltd. are the bookrunners.
Jardine Matheson is a Hong Kong-based conglomerate.
Issuer: | JMH Co. Ltd.
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Guarantor: | Jardine Matheson Holdings Ltd.
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Issue: | Bonds
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Amount: | $1.2 billion
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Bookrunners: | Hongkong and Shanghai Banking Corp. Ltd., Bank of China (Hong Kong) Ltd., DBS Bank Ltd., Mizuho Securities Asia Ltd., MUFG Securities Asia Ltd. and SMBC Nikko Capital Markets Ltd.
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Settlement date: | April 9
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Ratings: | Moody’s: A1
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| S&P: A+
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2031 bonds
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Amount: | $800 million
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Maturity: | April 9, 2031
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Coupon: | 2˝%
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2036 bonds
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Amount: | $400 million
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Maturity: | April 9, 2036
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Coupon: | 2 7/8%
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