By Rebecca Melvin
New York, March 23 – Dafeng Port Heshun Technology Co. Ltd., a subsidiary of Jiangsu Dafeng Harbor Holdings Ltd., priced $55 million 2.4% credit enhanced bonds due 2024, which are guaranteed by the parent company, according to a notice.
An irrevocable standby letter of credit is provided by Bank of Jiangsu Co. Ltd. Yancheng Branch.
Tensant Securities Ltd., Haitong International and BOSC International are joint global coordinators, joint bookrunners and joint lead managers. They are joined by Shanghai Pudong Development Bank Hong Kong Branch, CEB International, Everbright Securities International, Huarong International Securities and China Industrial Securities International as joint bookrunners and joint lead managers.
The Regulation S issue is expected to be listed on the Stock Exchange of Hong Kong Ltd. on March 24.
The provider of cargo handling, barging, warehousing and port logistics is based in Dafeng, China.
| Issuer: | Dafeng Port Heshun Technology Co. Ltd.
|
| Guarantor: | Jiangsu Dafeng Harbor Holdings Ltd.
|
| Issue: | Credit enhanced guaranteed bonds
|
| Amount: | $55 million
|
| Maturity: | 2024
|
| Bookrunners: | Tensant Securities Ltd., Haitong International, BOSC International, Shanghai Pudong Development Bank Hong Kong Branch, CEB International, Everbright Securities International, Huarong International Securities and China Industrial Securities International
|
| Coupon: | 2.4%
|
| Announcement date: | March 23
|
| Listing date: | March 24
|
| Listing: | Stock Exchange of Hong Kong Ltd.
|
| Distribution: | Regulation S
|
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