By Wendy Van Sickle
Columbus, Ohio, Jan. 11 – Yancheng High-Tech Zone Investment Group Co. Ltd. issued $100 million of 2% credit-enhanced bonds due 2025, according to a notice Tuesday.
The bonds feature an irrevocable standby letter of credit issued by Bank of Shanghai Co., Ltd, Nanjing Branch.
Fosun Hani, AMC Wanhai Securities and BOSC International are the joint global coordinators for the offering and are joined as lead managers and bookrunners by Shanghai Pudong Development Bank Hong Kong Branch, Wilson Securities, Industrial Bank Co., Ltd., Hong Kong Branch and China Credit International Securities Co., Ltd.
The Regulation S notes are expected to be listed on the Stock Exchange of Hong Kong Ltd. on Sept. 3.
The issuer provides wind power equipment industry investment, park infrastructure investment and other investment services.
| Issuer: | Yancheng High-Tech Zone Investment Group Co. Ltd.
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| Amount: | $100 million
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| Issue: | Credit-enhanced bonds
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| Maturity: | 2025
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| Bookrunners: | Fosun Hani, AMC Wanhai Securities, BOSC International, Shanghai Pudong Development Bank Hong Kong Branch, Wilson Securities, Industrial Bank Co., Ltd., Hong Kong Branch and China Credit International Securities Co., Ltd.
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| Coupon: | 2%
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| Listing date: | Jan. 10
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