By William Gullotti
Buffalo, N.Y., July 16 – Shun Xin International Development Co., Ltd. issued $100 million of 2½% guaranteed bonds due July 14, 2022 (//BBB-), according to a listing notice.
Guotai Junan Securities (Hong Kong) Ltd., Bocom International Securities Ltd. and ChaoShang Securities Ltd. are the joint lead managers and joint bookrunners for the offering.
The listing for the bonds is expected to be effective July 16.
Shun Xin is an international finance company incorporated in the British Virgin Islands. The issuer is an indirect subsidiary of asset manager, and guarantor for the bonds, Yuyao Shuncai Investment Holding Co., Ltd.
| Issuer: | Shun Xin International Development Co., Ltd.
|
| Guarantor: | Yuyao Shuncai Investment Holding Co., Ltd.
|
| Issue: | Guaranteed bonds
|
| Amount: | $100 million
|
| Maturity: | July 14, 2022
|
| Bookrunners: | Guotai Junan Securities (Hong Kong) Ltd., Bocom International Securities Ltd. and ChaoShang Securities Ltd.
|
| Coupon: | 2½%
|
| Settlement date: | July 15
|
| Listing date: | July 16
|
| Rating: | Fitch: BBB-
|
© 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.
