Published on 10/31/2019 in the Prospect News Emerging Markets Daily.
New Issue: China’s ENN Clean Energy sells $300 million 7½% notes due 2022
By Wendy Van Sickle
Columbus, Ohio, Oct. 31 – ENN Clean Energy International Investment Ltd. sold $300 million of 7½% notes due 2022, according to a listing notice with the Stock Exchange of Hong Kong, Ltd.
The notes are unconditionally and irrevocably guaranteed by ENN Ecological Holdings Co., Ltd.
Morgan Stanley, Natixis, China Everbright Bank Hong Kong Branch and Standard Chartered Bank are the global coordinators and are joined as bookrunners and lead arrangers by CCB International, China Citic Bank International, China Merchants Securities (HK), CMB International, Bocom International, China Investment Securities International and BOC International.
The listing was expected to become effective on Thursday.
ENN Ecological Holdings is a Langfang, China-based company engaged in the clean energy industry.
Issuer: | ENN Clean Energy International Investment Ltd.
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Guarantor: | ENN Ecological Holdings Co., Ltd.
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Issue: | Notes
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Amount: | $300 million
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Maturity: | 2022
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Bookrunners: | Morgan Stanley, Natixis, China Everbright Bank Hong Kong Branch, Standard Chartered Bank, CCB International, China Citic Bank International, China Merchants Securities (HK), CMB International, Bocom International, China Investment Securities International and BOC International
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Coupon: | 7½%
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Listing date: | Oct. 31
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