By Rebecca Melvin
New York, Sept. 25 – Puyang Investment Group Co. Ltd. sold $40 million of 2.9% credit enhanced bonds due 2023, according to a listing notice on the Hong Kong stock exchange.
The bonds have the benefit of an irrevocable standby letter of credit issued by Hua Xia Bank Co. Ltd., Zhengzhou Branch.
Fosun Hani and Shanghai Pudong Development Bank Hong Kong Branch are the placing agents.
The listing is expected on Monday.
Hua Xia is a lender based in Beijing.
| Issuer: | Puyang Investment Group Co. Ltd.
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| Issue: | Credit enhanced bonds
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| Amount: | $40 million
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| Maturity: | 2023
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| Placing agents: | Fosun Hani and Shanghai Pudong Development Bank Hong Kong Branch
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| Coupon: | 2.9%
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| Announcement date: | Sept. 25
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| Listing date: | Sept. 28
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