New Issue: Minmetals Land sells $300 million 4.95% five-year green bonds at par

By Rebecca Melvin

Concord, N.H., July 16 – China’s Minmetals Land Ltd. priced $300 million of 4.95% senior guaranteed bonds at par, according to a company announcement.

The joint lead managers of the Regulation S deal were BOCI Asia Ltd., DBS Bank Ltd., Haitong International Securities Co. Ltd., Bank of Communications Co. Ltd. Hong Kong Branch, CMB Wing Lung Bank Ltd., HSBC Ltd., AMTD Global Markets Ltd., Bank of China (Hong Kong) Ltd., BNP Paribas, China Chengtong (Hong Kong) Asset Management Co. Ltd., China Minsheng Banking Corp. Ltd., Hong Kong Branch, CLSA Ltd., CMBC Securities Co. Ltd., Guotai Junan Securities (Hong Kong) Ltd., Industrial and Commercial Bank of China (Asia) Ltd., Industrial Bank Co. Ltd. Hong Kong Branch, Silk Road International Capital Ltd., SPDB International Capital Ltd. and the Bank of East Asia Ltd.

As previously reported, the proceeds will be used to refinance existing debt under the company’s sustainable finance framework.

They will be issued through British Virgin Islands wholly owned subsidiary Expand Lead Ltd. and guaranteed by the parent company.

Minmetals Land is a real estate development company based in Hong Kong. Its ultimate controlling shareholder is China Minmetals Corp., a state-owned enterprise.

Issuer:	Expand Lead Ltd.
Guarantor:	Minmetals Land Ltd.
Issue:	Senior guaranteed green bonds
Amount:	$300 million
Maturity:	July 22, 2026
Bookrunners:	BOCI Asia Ltd., DBS Bank Ltd., Haitong International Securities Co. Ltd., Bank of Communications Co. Ltd. Hong Kong Branch, CMB Wing Lung Bank Ltd., HSBC Ltd., AMTD Global Markets Ltd., Bank of China (Hong Kong) Ltd., BNP Paribas, China Chengtong (Hong Kong) Asset Management Co. Ltd., China Minsheng Banking Corp. Ltd., Hong Kong Branch, CLSA Ltd., CMBC Securities Co. Ltd., Guotai Junan Securities (Hong Kong) Ltd., Industrial and Commercial Bank of China (Asia) Ltd., Industrial Bank Co. Ltd. Hong Kong Branch, Silk Road International Capital Ltd., SPDB International Capital Ltd., and the Bank of East Asia Ltd.
Coupon:	4.95%
Price:	Par
Yield:	4.95%
Change-of-control put:	In whole at 101
Pricing date:	July 15
Settlement date:	July 22
Distribution:	Regulation S

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