By William Gullotti
Buffalo, N.Y., June 22 – Hong Run International Co., Ltd. issued $55 million of 2.1% credit enhanced bonds due 2022, according to an announcement on Tuesday.
The bonds are guaranteed by Taixing Hongqiao Park Industrial Development Co., Ltd., with an irrevocable standby letter of credit from Bank of Jiangsu Co., Ltd. Taizhou Branch.
Guoyuan Capital, China Industrial Securities International, Zhongtai International, Shanghai Pudong Development Bank Hong Kong Branch, CEB International, Fosun Hani and Central Wealth Securities Investment Ltd. are listed as placing agents.
The notes are expected to be listed on June 23.
Hong Run is based in Hong Kong. Taixing Hongqiao provides construction and infrastructure services.
Issuer: | Hong Run International Co., Ltd.
|
Guarantors: | Taixing Hongqiao Park Industrial Development Co., Ltd.
|
Letter of credit: | Bank of Jiangsu Co., Ltd. Taizhou Branch
|
Issue: | Credit enhanced bonds
|
Amount: | $55 million
|
Maturity: | 2022
|
Agents: | Guoyuan Capital, China Industrial Securities International, Zhongtai International, Shanghai Pudong Development Bank Hong Kong Branch, CEB International, Fosun Hani and Central Wealth Securities Investment Ltd.
|
Coupon: | 2.1%
|
Pricing date: | June 17
|
Listing date: | June 23
|
Distribution: | Regulation S
|
© 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.