By Wendy Van Sickle
Columbus, Ohio, Oct. 17 – Oriental Capital Co. Ltd. issued $360 million of 7% bonds due 2022 (//BB-) at par, according to a listing notice with the Stock Exchange of Hong Kong Ltd.
The bonds are guaranteed by Yancheng Oriental Investment & Development Group Co., Ltd.
Industrial Bank Co., Ltd. Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, Bocom International, Guoyuan Capital, CMBC Capital and Thor Asset Management are the lead managers and bookrunners.
Listing is expected for Friday.
Proceeds will be used for refinancing and general corporate purposes.
The company is based in Yancheng, China.
| Issuer: | Oriental Capital Co. Ltd.
|
| Guarantor: | Yancheng Oriental Investment & Development Group Co., Ltd.
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| Issue: | Bonds
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| Amount: | $360 million
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| Maturity: | 2022
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| Bookrunners: | Industrial Bank Co., Ltd. Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, Bocom International, Guoyuan Capital, CMBC Capital and Thor Asset Management
|
| Coupon: | 7%
|
| Announcement date: | Oct. 17
|
| Listing date: | Oct. 18
|
| Rating: | Fitch: BB-
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