Published on 11/19/2020 in the Prospect News Emerging Markets Daily.
New Issue: China’s Huaxin Cement sells $300 million 2¼% guaranteed bonds due 2025
By Marisa Wong
Los Angeles, Nov. 19 – Huaxin Cement International Finance Co. Ltd. issued $300 million of 2¼% five-year bonds (Baa1) guaranteed by parent company Huaxin Cement Co., Ltd., according to a notice.
Barclays Bank plc is the bookrunner.
The building materials company is based in China.
| Issuer: | Huaxin Cement International Finance Co. Ltd.
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| Guarantor: | Huaxin Cement Co., Ltd.
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| Issue: | Bonds
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| Amount: | $300 million
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| Maturity: | Nov. 19, 2025
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| Bookrunner: | Barclays Bank plc
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| Coupon: | 2¼%
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| Settlement date: | Nov. 19
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| Rating: | Moody’s: Baa1
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