New Issue: Zhejiang Geely’s LEVC sells $400 million 1 3/8% notes due 2024

By Marisa Wong

Los Angeles, March 25 – LEVC Finance Ltd. issued $400 million of 1 3/8% credit enhanced notes due 2024 (A1), according to a notice.

Bank of China Ltd., Singapore Branch, BNP Paribas, China Citic Bank International Ltd., DBS Bank Ltd., Hongkong and Shanghai Banking Corp. Ltd., China Construction Bank (Asia) Corp. Ltd., China Everbright Bank Co, Ltd., Hong Kong Branch, CMBC Securities Co. Ltd. and Natixis are the bookrunners.

LEVC Finance is a U.K. indirect wholly owned subsidiary of Zhejiang Geely Holding Group Co. Ltd., an automotive company based in Hangzhou, China.

Issuer:	LEVC Finance Ltd.
Issue:	Credit enhanced notes
Amount:	$400 million
Maturity:	March 25, 2024
Bookrunners:	Bank of China Ltd., Singapore Branch, BNP Paribas, China Citic Bank International Ltd., DBS Bank Ltd., Hongkong and Shanghai Banking Corp. Ltd., China Construction Bank (Asia) Corp. Ltd., China Everbright Bank Co, Ltd., Hong Kong Branch, CMBC Securities Co. Ltd. and Natixis
Coupon:	1 3/8%
Settlement date:	March 25
Rating:	Moody’s: A1

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