By Marisa Wong
Los Angeles, May 30 – NWS Holdings Ltd. announced it completed the first series of its previously proposed panda bonds on May 29.
NWS priced RMB 1.5 billion of 3.9% notes due May 29, 2026 at par.
Proceeds will be used to repay bank loans.
As announced in April, NWS had proposed to issue up to RMB 5 billion of bonds in China’s interbank bond market in multiple tranches within two years.
Hong Kong-based NWS Holdings operates businesses in infrastructure, facilities rental, construction-related contracting and public transport. The issuer is incorporated in Bermuda.
| Issuer: | NWS Holdings Ltd.
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| Amount: | RMB 1.5 billion
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| Issue: | Panda bonds, series 1
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| Maturity: | May 29, 2026
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| Coupon: | 3.9%
|
| Price: | Par
|
| Yield: | 3.9%
|
| Issue date: | May 25
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| Settlement date: | May 29
|
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