New Issue: Zhuhai Huafa unit sells $150 million add-on to 2.8% bonds due 2025

By Wendy Van Sickle

Columbus, Ohio, March 3 – China’s Zhuhai Huafa Group Co., Ltd. subsidiary Huafa 2020 I Co. Ltd. sold a $150 million add-on to its 2.8% guaranteed bonds due 2025, according to a Stock Exchange of Hong Kong listing notice.

The notes are guaranteed by Zhuhai Huafa and will be consolidated and form a single series with the $250 million of notes issued on Nov. 4.

China Industrial Securities International, ABC International, China Everbright Bank Hong Kong Branch, China International Capital Corp., China Minsheng Banking Corp., Ltd., Hong Kong Branch, CLSA, CMB International, CMBC Capital, CNCB Capital, Haitong International, HSBC, Huajin International, ICBC International and Shanghai Pudong are the joint bookrunners, joint lead managers and joint global coordinators.

Listing is expected for Thursday.

The company is a conglomerate based in Zhuhai, China.

Issuer:	Huafa 2020 I Co. Ltd.
Guarantor:	Zhuhai Huafa Group Co., Ltd.
Issue:	Guaranteed notes
Amount:	$150 million add-on
Maturity:	2025
Bookrunners:	China Industrial Securities International, ABC International, China Everbright Bank Hong Kong Branch, China International Capital Corp., China Minsheng Banking Corp., Ltd., Hong Kong Branch, CLSA, CMB International, CMBC Capital, CNCB Capital, Haitong International, HSBC, Huajin International, ICBC International and Shanghai Pudong Development Bank Hong Kong Branch
Coupon:	2.8%
Announcement date:	March 3
Listing date:	March 4
Original issue:	$250 million issued on Nov. 4

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