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Published on 12/16/2020 in the Prospect News Emerging Markets Daily.

New Issue: China’s Ninghai City’s Goucheng unit sells $100 million 3˝% notes due 2023

By Wendy Van Sickle

Columbus, Ohio, Dec. 16 – Goucheng International Co. Ltd. priced $100 million of 3˝% senior notes due 2023, according to a listing notice.

The notes are guaranteed by Ninghai City Investment Group Ltd.

Shun Hang Securities Ltd. and Silk Road International are the bookrunners, lead managers and global coordinators.

The real estate investment company is based in Ningbo, China.

Issuer:Goucheng International Co. Ltd.
Guarantor:Ninghai City Investment Group Ltd.
Issue:Senior notes
Amount:$100 million
Maturity:2023
Bookrunners:Shun Hang Securities Ltd. and Silk Road International
Coupon:3˝%
Listing date:Dec. 17

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