Published on 1/28/2022 in the Prospect News Emerging Markets Daily.
New Issue: Zhuhai Huafa unit sells $200 million 4.2% bonds due 2023
By Rebecca Melvin
Concord, N.H., Jan. 28 – China’s Zhuhai Huafa Properties Co., Ltd. subsidiary Guang Tao Investment Ltd. sold $200 million of 4.2% guaranteed bonds due 2023 at par, according to a final offering circular Friday.
The bonds are guaranteed by the parent company.
Huajin International, Haitong International, Shenwan Hongyuan (HK), Hua Xia Bank Co. Ltd. Hong Kong Branch, China Industrial Securities International, Guotai Junan International, China International Capital Corp., Bocom International, GF Securities, CMBC Capital, CNCB Capital, CLSA and ICBC International are the joint global coordinators, joint lead managers and joint bookrunners for the Regulation S offering.
The residential and commercial property developer is focused on first- and second-tier cities in China.
Issuer: | Guang Tao Investment Ltd.
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Guarantor: | Zhuhai Huafa Properties Co., Ltd.
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Issue: | Guaranteed bonds
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Amount: | $200 million
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Maturity: | Jan. 26, 2023
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Bookrunners: | Huajin International, Haitong International, Shenwan Hongyuan (HK), Hua Xia Bank Co. Ltd. Hong Kong Branch, China Industrial Securities International, Guotai Junan International, China International Capital Corp., Bocom International, GF Securities, CMBC Capital, CNCB Capital, CLSA and ICBC International
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Coupon: | 4.2%
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Price: | Par
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Yield: | 4.2%
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Issue date: | Jan. 27
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Trustee: | China Construction Bank (Asia) Corp. Ltd.
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Distribution: | Regulation S
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ISIN: | XS242798082
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