Published on 7/3/2019 in the Prospect News Emerging Markets Daily.
New Issue: Zhuhai Huafa unit sells $300 million 4¼% guaranteed bonds due 2024
By Sarah Lizee
Olympia, Wash., July 3 – Zhuhai Huafa Group Co., Ltd. subsidiary Huafa 2019 I Co. Ltd. sold $300 million of 4¼% guaranteed bonds due 2024, according to a Stock Exchange of Hong Kong listing notice.
The notes are guaranteed by Zhuhai Huafa.
HSBC, ICBC International, CLSA, CCB International, Haitong International, CNCB HK Capital, ABC International, Bank of Communications, China Minsheng Baking Corp. Ltd., Hong Kong Branch, Industrial Bank Co., Ltd., Hong Kong Branch and Huajin International are the joint bookrunners, joint lead managers and joint global coordinators.
Listing is expected for July 4.
The company is a conglomerate based in Zhuhai, China.
| Issuer: | Huafa 2019 I Co. Ltd.
|
| Guarantor: | Zhuhai Huafa Group Co., Ltd.
|
| Issue: | Guaranteed notes
|
| Amount: | $300 million
|
| Maturity: | 2024
|
| Bookrunners: | HSBC, ICBC International, CLSA, CCB International, Haitong International, CNCB HK Capital, ABC International, Bank of Communications, China Minsheng Baking Corp. Ltd., Hong Kong Branch, Industrial Bank Co., Ltd., Hong Kong Branch and Huajin International
|
| Coupon: | 4¼%
|
| Announcement date: | July 3
|
| Listing date: | July 4
|
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