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Published on 1/27/2021 in the Prospect News Emerging Markets Daily.

New Issue: China’s Fosun unit prices $500 million of 5.05% notes due 2027

By Rebecca Melvin

New York, Jan. 27 – Fosun International Ltd. subsidiary Fortune Star (BVI) Ltd. issued $500 million of 5.05% senior notes due 2027, according to a notice on Wednesday.

The notes will be listed and quoted on the Singapore exchange starting on Thursday.

Credit Suisse (Hong Kong) Ltd., Deutsche Bank AG, Hong Kong Branch, Credit Agricole CIB, Fosun Hani Securities Ltd., Hongkong and Shanghai Banking Corp. Ltd., Natixis, Standard Chartered Bank, AMTD Global Markets Ltd. and the Bank of East Asia Ltd. were the lead managers and bookrunners of the Regulation S deal.

Shanghai-based Fosun is a conglomerate.

Issuer:Fortune Star (BVI) Ltd.
Guarantor:Fosun International Ltd.
Issue:Senior notes
Amount:$500 million
Maturity:2027
Bookrunners:Credit Suisse (Hong Kong) Ltd., Deutsche Bank AG, Hong Kong Branch, Credit Agricole CIB, Fosun Hani Securities Ltd., Hongkong and Shanghai Banking Corp. Ltd., Natixis, Standard Chartered Bank, AMTD Global Markets Ltd., and the Bank of East Asia Ltd.
Coupon:5.05%
Issue date:Jan. 27
Listing date:Jan. 28
Distribution:Regulation S

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