By Sarah Lizee
Olympia, Wash., Sept. 25 – Jinjiang International Holdings Co, Ltd. subsidiary Pterosaur Capital Co., Ltd. sold €500 million of 1% guaranteed bonds due 2024, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.
Jinjiang guarantees the bonds.
BNP Paribas, Credit Agricole CIB, ICBC (Asia), Bank of China, BOSC International, DBS Bank Ltd., ICBC (Europe) SA, Shanghai Pudong Development Bank Hong Kong Branch and Standard Chartered Bank are the joint bookrunners and joint lead managers. BNP, Credit Agricole and ICBC are also joint global coordinators.
Listing is expected for Sept. 26.
The Shanghai-based company, one of the largest tourism enterprises in China, has earmarked proceeds for repayment or refinancing of existing offshore debt and for working capital.
| Issuer: | Pterosaur Capital Co., Ltd.
|
| Guarantor: | Jinjiang International Holding Co. Ltd.
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| Amount: | €500 million
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| Maturity: | 2024
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| Bookrunners: | BNP Paribas, Credit Agricole CIB, ICBC (Asia), Bank of China, BOSC International, DBS Bank Ltd., ICBC (Europe) SA, Shanghai Pudong Development Bank Hong Kong Branch and Standard Chartered Bank
|
| Coupon: | 1%
|
| Price: | Par
|
| Pricing date: | Sept. 18
|
| Settlement date: | Sept. 26
|
| Distribution: | Regulation S
|
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