By Wendy Van Sickle
Columbus, Ohio, March 25 – Nanchang Jinkai Group Co., Ltd. sold $68 million 1.98% of credit-enhanced bonds due 2024, according to a listing notice.
The bonds have the benefit of an irrevocable standby letter of credit issued by Commercial Bank of China Ltd., Jiangxi Branch.
ICBC International, Dongxing Securities (Hong Kong) and ICBC (Asia) were the global coordinators and were bookrunners and lead managers along with Shanghai Pudong Development Bank Hong Kong Branch.
The company builds resettlement houses, water canals and science and technology industrial parks and is based in Nanchang, China.
| Issuer: | Nanchang Jinkai Group Co., Ltd.
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| Letter-of-credit issuer: | Commercial Bank of China Ltd., Jiangxi Branch
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| Issue: | Bonds
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| Amount: | $68 million
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| Maturity: | 2024
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| Bookrunners: | ICBC International, Dongxing Securities (Hong Kong), ICBC (Asia) and Shanghai Pudong Development Bank Hong Kong Branch
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| Coupon: | 1.98%
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| Announcement date: | March 25
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| Listing date: | March 26
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