By Rebecca Melvin
New York, July 22 – Asia View Ltd., a wholly owned subsidiary of Yue Xiu Enterprises (Holdings) Ltd., has priced 1.5% five-year bonds on a bought-deal basis exchangeable into shares of Yuexiu Transport Infrastructure Ltd., according to a news release.
The Regulation S bonds have an initial exchange price of HK$5.6320. Lead managers of the deal were the Hongkong and Shanghai Banking Corp. Ltd., J.P. Morgan Securities plc and Nomura International (Hong Kong) Ltd.
The bonds mature Aug. 8, 2019.
Bermuda-incorporated Yuexiu Transport invests in, develops, operates and manages toll roads, expressways and bridges in China. Yue Xiu Enterprises is a Hong Kong-based conglomerate involved in real estate, transport infrastructure, finance and securities.
| Issuer: | Asia View Ltd., subsidiary of Yue Xiu Enterprises (Holdings) Ltd.
|
| Issue: | Exchangeable bonds
|
| Exchange entity: | Yuexiu Transport Infrastructure Ltd.
|
| Amount: | $200 million
|
| Maturity: | Aug. 8, 2019
|
| Coupon: | 1.5%
|
| Price: | Par
|
| Yield: | 1.5%
|
| Initial exchange premium: 10%
|
| Initial exchange price: | HK$5.6320
|
| Lead managers: | The Hongkong and Shanghai Banking Corp. Ltd., J.P. Morgan Securities plc and Nomura International (Hong Kong) Ltd.
|
| Stock listing: | Hong Kong: 1052
|
| Share reference price: | HK$5.12, close on July 21
|
| Distribution: | Regulation S
|
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