By William Gullotti
Buffalo, N.Y., Aug. 12 – Zhejiang Baron (BVI) Co. Ltd., a wholly owned subsidiary of Hangzhou Shangcheng District Urban Construction & Comprehensive Development Co., Ltd., issued $200 million of 2¼% guaranteed bonds (//BBB-) due 2024, according to a listing notice filed on Thursday.
The notes are guaranteed by the parent company.
Guotai Junan International is the global coordinator for the offering.
Serving as joint lead managers and joint bookrunners are Guotai Junan International, Shanghai Pudong Development Bank Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, ICBC International, Bocom International and Bank of China.
The listing for the Regulation S notes became effective on the Hong Kong Exchange Aug. 9.
Previously known as Hangzhou Jianggan District Urban Construction & Comprehensive Development Co., Ltd., the company is a provider of urban construction, land development, and municipal project construction services and based in Hangzhou, China.
| Issuer: | Zhejiang Baron (BVI) Co. Ltd.
|
| Guarantor: | Hangzhou Shangcheng District Urban Construction & Comprehensive Development Co., Ltd.
|
| Issue: | Guaranteed bonds
|
| Amount: | $200 million
|
| Maturity: | 2024
|
| Bookrunners: | Guotai Junan International, Shanghai Pudong Development Bank Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, ICBC International, Bocom International and Bank of China
|
| Coupon: | 2¼%
|
| Pricing date: | Aug. 5
|
| Listing date: | Aug. 13
|
| Rating: | Fitch: BBB-
|
| Distribution: | Regulation S
|
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