Published on 12/3/2021 in the Prospect News Emerging Markets Daily.
New Issue: East Money’s Hafoo prices $300 million 2% notes due 2024 at 99.936
By Marisa Wong
Los Angeles, Dec. 3 – Hafoo Co., Ltd. priced $300 million of 2% notes due 2024 at 99.936, according to a company announcement.
The notes are guaranteed by parent company East Money Information Co., Ltd.
Joint lead managers and joint bookrunners for the Regulation S offering are ICBC International, ICBC (Macau), Bank of China, Shanghai Pudong Development Bank Hong Kong Branch, CMB International, HSBC, BofA Securities, Nomura, Industrial Bank Co., Ltd. Hong Kong Branch, BOSC International, China Minsheng Banking Corp., Ltd., Hong Kong Branch, China Citic Bank International, Guotai Junan International, CMB Wing Lung Bank Ltd., SPDB International, Bocom International, Bank of Communications, China Everbright Bank Hong Kong Branch and Standard Chartered Bank.
Proceeds will be used to fund the expansion and development of the group’s overseas business.
East Money is an integrated online wealth management service provider based in Shanghai.
| Issuer: | Hafoo Co., Ltd.
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| Guarantor: | East Money Information Co., Ltd.
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| Issue: | Notes
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| Amount: | $300 million
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| Maturity: | Dec. 2, 2024
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| Bookrunners: | ICBC International, ICBC (Macau), Bank of China, Shanghai Pudong Development Bank Hong Kong Branch, CMB International, HSBC, BofA Securities, Nomura (joint global coordinators); Industrial Bank Co., Ltd. Hong Kong Branch, BOSC International, China Minsheng Banking Corp., Ltd., Hong Kong Branch, China Citic Bank International, Guotai Junan International, CMB Wing Lung Bank Ltd., SPDB International, Bocom International, Bank of Communications, China Everbright Bank Hong Kong Branch and Standard Chartered Bank
|
| Coupon: | 2%
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| Price: | 99.936
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| Call option: | In whole at par for tax reasons
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| Put options: | At 101 upon change of control; at par in the case of a non-registration event
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| Pricing date: | Nov. 24
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| Issue date: | Dec. 2
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| Listing date: | Dec. 3
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| Listing: | Hong Kong
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| Ratings: | S&P: BBB-
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| Distribution: | Regulation S
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| ISIN: | XS2400951815
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