Published on 9/25/2019 in the Prospect News Emerging Markets Daily.
New Issue: Shandong Iron and Steel prices $500 million 6.85% bonds due 2022
Chicago, Sept. 25 – Shandong Iron and Steel Xinheng International Co. Ltd. priced $500 million 6.85% guaranteed bonds due 2022, according to a listing notice.
The notes are guaranteed by Shandong Iron & Steel Group Co., Ltd.
DBS Bank Ltd. Bank of China, CEB International, Standard Chartered Bank, Zhongtai International, Bocom International, CMBC Capital, Haitong International, Huatai Financial Holdings (Hong Kong) Ltd., ICBC International Industrial Bank Co., Ltd. Hong Kong Branch, Orient Securities (Hong Kong) and TF International were the joint global coordinators, joint bookrunners and joint lead managers.
Shandong Steel is a Chinese steel company based in Jinan.
Issuer: | Shandong Iron and Steel Xinheng International Co. Ltd.
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Guarantor: | Shandong Iron & Steel Group Co., Ltd.
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Issue: | Guaranteed bonds
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Amount: | $500 million
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Maturity: | 2022
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Coupon: | 6.85%
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Bookrunners: | DBS Bank Ltd. Bank of China, CEB International, Standard Chartered Bank, Zhongtai International, Bocom International, CMBC Capital, Haitong International, Huatai Financial Holdings (Hong Kong) Ltd., ICBC International Industrial Bank Co., Ltd. Hong Kong Branch, Orient Securities (Hong Kong) and TF International
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Listing date: | Sept. 25
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