Published on 6/25/2019 in the Prospect News Emerging Markets Daily.
New Issue: China’s Xiangyu prices $300 million 6.9% bonds due 2022
Chicago, June 25 – Xiangyu Investment (BVI) Co., Ltd. announced it priced $300 million of 6.9% guaranteed bonds due 2022, according to a notice.
The notes are guaranteed by Huai’an Development Holdings Co., Ltd. and Hong Kong Xiangyu Investment Group Co., Ltd.
Guotai Junan International and Haitong International were the joint global coordinators, joint lead managers and joint bookrunners.
China Minsheng Banking Corp., Ltd., Hong Kong Branch, CMBC Capital, Founder Securities (Hong Kong) Capital Co. Ltd., Guoyuan Capital, Industrial Bank Co., Ltd. Hong Kong Branch, Orient Securities (Hong Kong) and Zhongtai Internationl were also joint lead managers and joint bookrunners.
Based in Huai’an, China, the company provides municipal infrastructure construction and property development services.
Issuer: | Xiangyu Investment (BVI) Co., Ltd.
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Guarantors: | Huai’an Development Holdings Co., Ltd. and Hong Kong Xiangyu Investment Group Co., Ltd.
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Issue: | Guaranteed bonds
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Amount: | $300 million
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Maturity: | 2022
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Bookrunners: | Guotai Junan International, Haitong International, China Minsheng Banking Corp., Ltd., Hong Kong Branch, CMBC Capital, Founder Securities (Hong Kong) Capital Co. Ltd., Guoyuan Capital, Industrial Bank Co., Ltd. Hong Kong Branch, Orient Securities (Hong Kong) and Zhongtai Internationl
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Coupon: | 6.9%
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Pricing date: | June 19
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Listing date: | June 26
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