By Taylor Fox
New York, Feb. 22 – Huaxin Pharmaceutical (Hong Kong) Co. Ltd. sold $146 million of 5% guaranteed notes due 2024, according to a company announcement.
The bonds are guaranteed by Taizhou Huaxin Pharmaceutical Investment Co. Ltd.
China Industrial Securities International is the joint bookrunner and joint lead manager while China Minsheng Banking Corp., Ltd., Hong Kong Branch; Industrial Bank Co., Ltd. Hong Kong Branch; Fosun Hani and Guoyuan Capital are joint global coordinators, joint bookrunners and joint lead managers.
Bank of Nanjing Co., Ltd.; Industrial Bank Co., Ltd. Taizhou Branch and China Minsheng Banking Corp., Ltd., Taizhou Branch are the PRC coordinators.
The bonds are expected to be listed on the Stock Exchange of Hong Kong Ltd. on Tuesday.
The drug wholesale and distribution company is based in Taizhou, China.
| Issuer: | Huaxin Pharmaceutical (Hong Kong) Co. Ltd.
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| Guarantor: | Taizhou Huaxin Pharmaceutical Investment Co. Ltd.
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| Amount: | $146 million
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| Description: | Guaranteed notes
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| Maturity: | 2024
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| Bookrunners: | China Industrial Securities International, China Minsheng Banking Corp., Ltd., Hong Kong Branch; Industrial Bank Co., Ltd. Hong Kong Branch; Fosun Hani and Guoyuan Capital
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| Coupon: | 5%
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| Announcement date: | Feb. 22
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| Listing date: | Feb. 23
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