New Issue: China’s Wuhan Trading sells $300 million 2.7% notes due 2023

By Wendy Van Sickle

Columbus, Ohio, Nov. 23 – Wuhan Trading Group Co., Ltd. sold $300 million 2.7% notes due 2023 (BBB+), according to a listing notice with the Stock Exchange of Hong Kong Ltd.

HSBC is the global coordinator and is joined as a lead manager and bookrunner by Shanghai Pudong Development Bank Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, China Securities International and Industrial Bank Co., Ltd. Hong Kong Branch.

The proceeds will be used for refinancing offshore debt, working capital and general corporate purposes.

The Wuhan, China-based company operates supermarkets, department stores and other retail businesses.

Issuer:	Wuhan Trading Group Co., Ltd.
Issue:	Notes
Amount:	$300 million
Maturity:	2023
Bookrunners:	HSBC, Shanghai Pudong Development Bank Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, China Securities International and Industrial Bank Co., Ltd. Hong Kong Branch
Coupon:	2.7%
Listing date:	Nov. 24

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