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Published on 10/18/2019 in the Prospect News Emerging Markets Daily.

New Issue: China’s Wuhan Financial sells $300 million more 5.8% notes due 2021

By Sarah Lizee

Olympia, Wash., Oct. 18 – Wuhan Financial Holding (Group) Co. Ltd. sold $300 million more 5.8% notes due 2021, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.

The notes will be consolidated and form a single series with the $142 million of 5.8% notes due 2021 previously issued by the company.

China International Capital Corp, Standard Chartered Bank, Industrial Bank Co., Ltd. Hong Kong Branch, Bank of Communications, Shanghai Pudong Development Bank Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, Ping An of China Securities (Hong Kong) Co. Ltd., Orient Securities (Hong Kong), China Everbright Bank Hong Kong Branch and CMBC Capital are the joint lead managers and joint bookrunners, with China International Capital and Standard Chartered Bank as joint global coordinators.

Listing is expected for Monday.

The Wuhan, China-based company offers financial leasing, trusts, financial guarantee, industrial funds management, internet financing, financial outsourcing and other services.

Issuer:Wuhan Financial Holding (Group) Co. Ltd.
Issue:Additional notes
Amount:$300 million
Maturity:2021
Bookrunners:China International Capital Corp, Standard Chartered Bank, Industrial Bank Co., Ltd. Hong Kong Branch, Bank of Communications, Shanghai Pudong Development Bank Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, Ping An of China Securities (Hong Kong) Co. Ltd., Orient Securities (Hong Kong), China Everbright Bank Hong Kong Branch and CMBC Capital
Coupon:5.8%
Announcement date:Oct. 18
Listing date:Oct. 21
Distribution:Regulation S
Total issuance:$442 million, including $142 million issued previously

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