By Sarah Lizee
Olympia, Wash., April 21 – Yancheng Oriental Investment & Development Group Co., Ltd. unit Oriental Capital Co. Ltd. priced $40 million more 7% guaranteed bonds due 2022, according to a notice.
Guotai Junan International is the global coordinator, and a joint lead manager and joint bookrunner alongside Industrial Bank Co. Ltd. Hong Kong Branch and China Minsheng Banking Corp., Ltd., Hong Kong Branch.
The notes will be consolidated and form a single series with the $360 million of bonds issued on Oct. 17.
The notes are guaranteed by Yancheng Oriental Investment.
Listing is expected for Wednesday.
The company is based in Yancheng, China.
| Issuer: | Oriental Capital Co. Ltd.
|
| Guarantor: | Yancheng Oriental Investment & Development Group Co., Ltd.
|
| Issue: | Bonds
|
| Amount: | $40 million
|
| Maturity: | 2022
|
| Bookrunners: | Guotai Junan International (global coordinator), Industrial Bank Co. Ltd. Hong Kong Branch and China Minsheng Banking Corp., Ltd.
|
| Co-manager: | Zhejiang Chouzhou Commercial Bank Co., Ltd.
|
| Coupon: | 7%
|
| Listing date: | April 22
|
| Total issuance: | $400 million, including $360 million issued on Oct. 17
|
© 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.
