Published on 3/17/2021 in the Prospect News Emerging Markets Daily.
New Issue: China’s Zhejiang Seaport sells $700 million 1.98% bonds due 2026 at 99.787
By Wendy Van Sickle
Columbus, Ohio, March 17 – China’s Zhejiang Seaport International Co., Ltd. sold $700 million of 1.98% guaranteed bonds due 2026 at 99.787, according to a listing notice.
The notes are guaranteed by Zhejiang Provincial Seaport Investment & Operation Group Co. Ltd.
Bank of China (Hong Kong), Guotai Junan International, OCBC Bank and Standard Chartered Bank were the joint global coordinators for the Regulation S notes and were joined as joint bookrunners and joint lead managers by BNP Paribas, DBS Bank Ltd., Haitong International and ICBC International.
The company is marine fuel trader and supplier.
Issuer: | Zhejiang Seaport International Co., Ltd.
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Guarantor: | Zhejiang Provincial Seaport Investment & Operation Group Co. Ltd.
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Amount: | $700 million
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Maturity: | 2026
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Securities: | Guaranteed bonds
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Bookrunners: | Bank of China (Hong Kong), Guotai Junan International, OCBC Bank, Standard Chartered Bank, BNP Paribas, DBS Bank Ltd., Haitong International and ICBC International
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Coupon: | 1.98%
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Price: | 99.787
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Announcement date: | March 17
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Listing date: | March 18
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Distribution: | Regulation S
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