By Sarah Lizee
Olympia, Wash., Dec. 6 – Danyang Investment Group Co., Ltd. subsidiary Phoenix Charm International Investment Ltd. sold $20 million more 7% bonds due 2022, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.
The bonds will be consolidated and form a single series with the $205 million of 7% guaranteed bonds due 2022 issued on Nov. 22.
The additional bonds were issued at par.
China Citic Bank International is the manager.
Listing is expected on Monday.
The notes are guaranteed by Danyang Investment.
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: | $20 million
|
| Maturity: | 2022
|
| Bookrunner: | China Citic Bank International
|
| Coupon: | 7%
|
| Price: | Par
|
| Yield: | 7%
|
| Announcement date: | Dec. 6
|
| Listing date: | Dec. 9
|
| Total issuance: | $225 million, including $205 million issued on Nov. 22
|
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