Published on 2/19/2021 in the Prospect News Emerging Markets Daily.
New Issue: Huafa Industrial unit sells $200 million 3.6% guaranteed bonds due 2022 at par
By Wendy Van Sickle
Columbus, Ohio, Feb. 19 – Huafa Industrial Co., Ltd. Zhuhai subsidiary Guang Tao Investment Ltd. sold $200 million of 3.6% guaranteed bonds due 2022 at par, according to a Stock Exchange of Hong Kong listing notice.
The notes are guaranteed by Huafa Industrial.
Bocom International, China Everbright Bank Hong Kong Branch, China Industrial Securities International, China International Capital Corp., China Minsheng Banking Corp., Ltd., Hong Kong Branch, CLSA, CMB International, CNCB Capital, Everbright Securities International, Haitong International, HSBC, Huajin International, ICBC International, Industrial Bank Co., Ltd. Hong Kong Branch and SPDB International are the joint bookrunners, joint lead managers and joint global coordinators.
Additional joint bookrunners and joint lead managers are China Securities International, DBS Bank Ltd. and Orient Securities (Hong Kong).
The real estate developer is based in Zhuhai, China.
| Issuer: | Guang Tao Investment Ltd.
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| Guarantor: | Huafa Industrial Co., Ltd. Zhuhai
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| Issue: | Guaranteed notes
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| Amount: | $200 million
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| Maturity: | 2022
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| Bookrunners: | Bocom International, China Everbright Bank Hong Kong Branch, China Industrial Securities International, China International Capital Corp., China Minsheng Banking Corp., Ltd., Hong Kong Branch, CLSA, CMB International, CNCB Capital, Everbright Securities International, Haitong International, HSBC, Huajin International, ICBC International, Industrial Bank Co., Ltd. Hong Kong Branch, SPDB International, China Securities International, DBS Bank Ltd. and Orient Securities (Hong Kong)
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| Coupon: | 3.6%
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| Price: | Par
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| Yield: | 3.6%
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| Announcement date: | Feb. 19
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| Listing date: | Feb. 22
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