New Issue: Zibo Zichuan unit prices $42 million 3% three-year bonds

By Rebecca Melvin

Concord, N.H., Jan. 21 – Luheng International Co. Ltd. priced $42 million of 3% credit enhanced three-year notes, guaranteed by Zibo Zichuan Finance Holdings Co. Ltd., according to an announcement.

The notes priced at par.

Fosun Hani, China Zheshang Bank Co. Ltd. (Hong Kong Branch), Harmonia Capital Ltd., Wilson Securities, Dongxing Securities (Hong Kong) were the placing agents and China Bohai Bank is the PRC coordinator.

Based in Zichuan District of Zibo City, the state-owned enterprise focuses on engineering construction, municipal construction and water conservancy engineering projects.

Issuer:	Luheng International Co. Ltd.
Guarantor:	Zibo Zichuan Finance Holdings Co. Ltd.
Amount:	$42 million
Issue:	Guaranteed notes
Maturity:	Jan. 20, 2025
Placing agents:	Fosun Hani, China Zheshang Bank Co. Ltd. (Hong Kong Branch), Harmonia Capital Ltd., Wilson Securities, Dongxing Securities (Hong Kong)
Coupon:	3%
Price:	Par
Yield:	3%
Issue date:	Jan. 20
Distribution:	Regulation S

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