Chicago, May 25 – China Jinmao Holdings Group Ltd. announced in a year-end discussion that it issued $350 million of 4.4% three-year bonds (Baa3) in two parts in 2022, in a presentation at the end of March 2023.
The issuer is Franshion Brilliant Ltd.
The first $200 million tranche was issued on March 4, 2022.
CLSA Ltd., China Subsidiary (International) Corporate Finance Co. Ltd., J.P. Morgan Securities plc, Shanghai Pudong Development Bank Hong Kong Branch and China International Capital Corp Hong Kong Securities Ltd. were the initial purchasers of the senior guaranteed notes.
Proceeds were used to repay medium- and long-term overseas debts due within one year.
The company then tapped the issue for an additional $150 million in a March 15, 2022 sale that closed on March 22, 2022. The issue price was 99.998.
ABCI Capital Ltd. and CLSA Ltd. were the initial purchasers on the tap issue.
Proceeds were also used to repay soon-maturing debt.
The add-on was fungible with the original issue.
China Jinmao is a Hong Kong-based investment holding company that invests in and develops real estate in mainland China.
| Issuer: | Franshion Brilliant Ltd.
|
| Guarantor: | China Jinmao Holdings Group Ltd.
|
| Amount: | $350 million
|
| Issue: | Senior guaranteed notes
|
| Tenor: | Three years
|
| Coupon: | 4.4%
|
| Ratings: | Moody’s: Baa3
|
|
|
| Original
|
| Amount: | $200 million
|
| Bookrunners: | CLSA Ltd., China Subsidiary (International) Corporate Finance Co. Ltd., J.P. Morgan Securities plc, Shanghai Pudong Development Bank Hong Kong Branch and China International Capital Corp Hong Kong Securities Ltd.
|
| Trade date: | Feb. 25, 2022
|
| Settlement date: | March 4, 2022
|
|
|
| Add-on
|
| Amount: | $150 million
|
| Bookrunners: | ABCI Capital Ltd. and CLSA Ltd.
|
| Price: | 99.998
|
| Trade date: | March 15, 2022
|
| Settlement date: | March 22, 2022
|
|
|
© 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.
