By Marisa Wong
Los Angeles, Oct. 27 – Goucheng International Co. Ltd. priced $100 million of 3.3% guaranteed bonds due 2024 at par, according to a notice.
The bonds are guaranteed by Ninghai City Investment Group Ltd.
Silk Road International and Shun Heng Securities Ltd. are the joint global coordinators, joint bookrunners and joint lead managers for the Regulation S offering.
Proceeds will be used for domestic debt refinancing, project construction and working capital.
The real estate investment company is based in Ningbo, China.
| Issuer: | Goucheng International Co. Ltd.
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| Guarantor: | Ninghai City Investment Group Ltd.
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| Issue: | Bonds
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| Amount: | $100 million
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| Maturity: | Oct. 26, 2024
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| Bookrunners: | Silk Road International and Shun Heng Securities Ltd.
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| Coupon: | 3.3%
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| Price: | Par
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| Yield: | 3.3%
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| Call option: | In whole at par for tax reasons
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| Put options: | At 101 upon change of control and at par for non-registration event
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| Pricing date: | Oct. 21
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| Issue date: | Oct. 26
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| Distribution: | Regulation S
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