Published on 1/21/2022 in the Prospect News Emerging Markets Daily.
New Issue: Huan Zhi sells $100 million 1.95% credit enhanced bonds due 2023
By Marisa Wong
Los Angeles, Jan. 21 – Huan Zhi Co. Ltd. sold $100 million of 1.95% credit enhanced bonds due 2023, according to a company announcement.
The bonds are guaranteed by Taixing Zhiguang Environmental Protection Technology Co. Ltd. with a standby letter of credit issued by Bank of Hangzhou Co., Ltd. Shanghai Branch.
The China-based company makes measuring equipment for the marine and medical sectors, among others.
| Issuer: | Huan Zhi Co. Ltd.
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| Guarantor: | Taixing Zhiguang Environmental Protection Technology Co. Ltd.
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| LoC bank: | Bank of Hangzhou Co., Ltd. Shanghai Branch
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| Amount: | $100 million
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| Issue: | Credit enhanced bonds
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| Maturity: | 2023
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| Coupon: | 1.95%
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| Announcement dates: | Jan. 14, Jan. 21
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