By Aleesia Forni and Christine Van Dusen
Virginia Beach, June 12 – China’s Zhuhai Huafa Group Co. Ltd. sold RMB 850 million of 4¼% three-year notes (expected rating: A1) at 99.93 to yield 4.275%, a market source said.
ABC International, Agricultural Bank of China (Hong Kong branch), Agricultural Bank of China (Singapore branch) and Oversea-Chinese Banking were the bookrunners for the Regulation S deal.
The notes will be issued by Hong Kong Huafa Investment Holdings Co. Ltd., a subsidiary of Zhuhai Huafa Group.
The company is a conglomerate based in Zhuhai.
Issuer: | Zhuhai Huafa Group Co. Ltd.
|
Amount: | RMB 850 million
|
Description: | Notes
|
Maturity: | June 18, 2017
|
Bookrunners: | ABC International, Agricultural Bank of China (Hong Kong branch), Agricultural Bank of China (Singapore branch), Oversea-Chinese Banking
|
Coupon: | 4¼%
|
Price: | 99.93
|
Yield: | 4.275%
|
Trade date: | June 11
|
Change-of-control: | 101%
|
Ratings: | Moody’s: A1
|
| Standard & Poor's: A
|
| Fitch: A
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.