By William Gullotti
Buffalo, N.Y., Jan. 9 – Huzhou Wuxing City Investment Development Group Co., Ltd. priced RMB 920 million of 5.4% bonds due 2026 par, according to a listing notice and an offering circular on Monday.
The joint global coordinators, joint lead managers and joint bookrunners for the offering are Fosun Hani, Initial Capital Securities and Industrial Bank Co., Ltd., Hong Kong Branch.
Caitong Securities is the PRC coordinator.
Proceeds will be used for the construction of onshore projects and replenishing working capital.
Listing for the Regulation S bonds is expected on the Chongwa (Macao) Exchange effective Jan. 9.
The company is an infrastructure construction and land development company in the Wuxing district of Huzhou, Zhejiang, China.
| Issuer: | Huzhou Wuxing City Investment Development Group Co., Ltd.
|
| Issue: | Notes
|
| Amount: | RMB 920 million
|
| Maturity date: | Jan. 6, 2026
|
| Bookrunners: | Fosun Hani, Initial Capital Securities and Industrial Bank Co., Ltd., Hong Kong Branch
|
| PRC coordinator: | Caitong Securities
|
| Trustee: | China Central Depository & Clearing Co., Ltd. (as principal agent and registrar)
|
| Counsel to issuer: | Tian Yuan Law Firm LLP (England), Capital Equity Legal Group Huzhou Firm (China)
|
| Counsel to underwriters: | Jingtian & Gongcheng LLP (England, Hong Kong), Jingtian & Gongcheng (China)
|
| Coupon: | 5.4%
|
| Price: | Par
|
| Yield: | 5.4%
|
| Call option: | At par plus interest for tax reasons
|
| Put option: | At 101 plus interest for a change of control
|
| Pricing date: | Jan. 4
|
| Issue date: | Jan. 6
|
| Listing date: | Jan. 9
|
| Distribution: | Regulation S
|
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