E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/7/2021 in the Prospect News Emerging Markets Daily.

New Issue: China’s Rudong County Tongtai Investment sells $50 million 5½% bonds due 2022

By Wendy Van Sickle

Columbus, Ohio, May 7 – Rudong County Tongtai Investment Group Co., Ltd. issued $50 million of 5½% bonds due 2022, according to a notice.

AMC Wanhai Securities Ltd., China Galaxy International Securities (Hong Kong) Co., Ltd., Vision Capital International Holdings Ltd. and Soochow Securities (International) are the joint global coordinators, joint lead managers and joint bookrunners.

Central Wealth Securities Investment Ltd. is an additional joint lead manager and joint bookrunner.

The notes are supported by an irrevocable standby letter of credit issued by Bank of Beijing Co., Ltd. Nantong Branch.

Application has been made to list the bonds on the Stock Exchange of Hong Kong Ltd.

Rudong is based in Nantong, China.

Issuer:Rudong County Tongtai Investment Group Co., Ltd.
Issue:Bonds
Amount:$50 million
Maturity:2022
Bookrunners:AMC Wanhai Securities Ltd., China Galaxy International Securities (Hong Kong) Co., Ltd., Vision Capital International Holdings Ltd., Soochow Securities (International) and Central Wealth Securities Investment Ltd.
Coupon:5½%
Announcement date:May 7
Listing date:May 10

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.