Chicago, March 21 – Health and Happiness (H&H) International Holdings Ltd. priced RMB 500 million of 7˝% guaranteed bonds due 2027, according to a notice.
The bonds will be guaranteed by certain existing subsidiaries.
China Citic Bank International Ltd. is the sole global coordinator for the Regulation S issue.
China Zheshang Bank Co., Ltd. (Hong Kong Branch), Citic Securities and TFI Securities and Futures Ltd. are also joint lead managers.
Proceeds will be used to repay existing offshore debt.
The health supplements and child health company is based in Hong Kong.
| Issuer: | Health and Happiness (H&H) International Holdings Ltd.
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| Amount: | RMB 500 million
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| Issue: | Guaranteed bonds
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| Maturity: | 2027
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| Bookrunners: | China Citic Bank International Ltd. (global coordinator), China Zheshang Bank Co., Ltd. (Hong Kong Branch), Citic Securities and TFI Securities and Futures Ltd.
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| Coupon: | 7˝%
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| Trade date: | March 20
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| Ratings: | Unrated
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| Distribution: | Regulation S
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