New Issue: Danyang’s Phoenix Charm unit sells $205 million 7% bonds due 2022

By Wendy Van Sickle

Columbus, Ohio, Nov. 22 – China’s Phoenix Charm International Investment Ltd. sold $205 million of 7% bonds due 2022 at par, according to a listing notice filed with the Stock Exchange of Hong Kong Ltd.

The bonds are guaranteed by Danyang Investment Group Co., Ltd.

China Citic Bank International and Haitong International are the global coordinators and are joined as lead arrangers and bookrunners by China Minsheng Banking Corp., Ltd., Hong Kong Branch, CMBC Capital, Haitong Bank Industrial Bank Co., Ltd., Hong Kong Branch and Thor Asset Management.

The listing was expected to take effect on Monday.

Based in Beijing, Danyang invests in lands development, urban infrastructures, demolition projects and other fields.

Issuer:	Phoenix Charm International Investment Ltd.
Guarantor:	Danyang Investment Group Co., Ltd.
Issue:	Bonds
Amount:	$205 million
Maturity:	2022
Manager:	China Citic Bank International, Haitong International, China Minsheng Banking Corp., Ltd., Hong Kong Branch, CMBC Capital, Haitong Bank Industrial Bank Co., Ltd., Hong Kong Branch and Thor Asset Management
Coupon:	7%
Price:	Par
Yield:	7%
Listing date:	Nov. 25

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