By William Gullotti
Buffalo, N.Y., Jan. 25 – Huzhou Moganshan High-tech Group Co., Ltd. priced $210 million of 3.4% notes due 2025 at par, according to a listing notice with an appended offering circular on Tuesday.
The notes may only be called early for taxation reasons at par plus interest.
Haitong International, China International Capital Corp., Industrial Bank Co., Ltd., Hong Kong Branch, China Securities International, Huatai International are the joint global coordinators, joint lead managers and joint bookrunners for the Regulation S offering.
Also serving as joint lead managers and joint bookrunners are Hua Xia Bank Co., Ltd., Hong Kong Branch, BOSC International and Dongxing Securities (Hong Kong).
Proceeds from the offering will be used to fund projects and replenish working capital.
Listing for the notes is expected on the Hong Kong Exchange effective Jan. 25.
Founded in 2018 and operating in the public services sector, the company is primarily involved in real estate and urban infrastructure construction and asset management.
| Issuer: | Huzhou Moganshan High-tech Group Co., Ltd.
|
| Issue: | Notes
|
| Amount: | $210 million
|
| Maturity: | Jan. 24, 2025
|
| Bookrunners: | Haitong International, China International Capital Corp., Industrial Bank Co., Ltd., Hong Kong Branch, China Securities International, Huatai International, Hua Xia Bank Co., Ltd., Hong Kong Branch, BOSC International and Dongxing Securities (Hong Kong)
|
| Counsel to issuer: | Fangda Partners (English), Jincheng Tongda & Neal (China)
|
| Counsel to bookrunners: | Allen & Overy (English), Jingtian & Gongcheng (China)
|
| Coupon: | 3.4%
|
| Price: | Par
|
| Yield: | 3.4%
|
| Call: | For taxation reasons only at par plus interest
|
| Change of control: | At 101 plus interest
|
| Registration event: | At par plus interest
|
| Pricing date: | Jan. 19
|
| Issue date: | Jan. 24
|
| Listing date: | Jan. 25
|
| Distribution: | Regulation S
|
| ISIN: | XS2427994889
|
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