By Marisa Wong
Morgantown, W.Va., Jan. 22 – Sunshine 100 China Holdings Ltd. said its subsidiary, Guangxi Vantone Real Estate Co., Ltd., priced RMB 1.46 billion of five-year bonds with a coupon of 6.9%.
The company completed a book-building for the 2016 first-tranche bonds on Thursday.
After three years, the issuer will have an option to increase the coupon, and investors will have a put option.
The bonds will be issued from Jan. 22 to Jan. 25.
The property developer is based in Beijing.
| Issuer: | Guangxi Vantone Real Estate Co., Ltd.
|
| Issue: | Domestic corporate bonds, 2016 first tranche
|
| Amount: | RMB 1.46 billion
|
| Maturity: | Five years
|
| Coupon: | 6.9%, may be increased after three years
|
| Put option: | After three years
|
| Pricing date: | Jan. 21
|
| Settlement dates: | Jan. 22-Jan. 25
|
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