Chicago, Sept. 6 – Zoomwe Hong Kong New Energy Technology Co., Ltd. issued $140 million of 5.7% credit-enhanced guaranteed bonds due 2025, according to a notice.
The notes are guaranteed by CNGR Advanced Material Co., Ltd. and benefit from an irrevocable standby letter of credit issued by Bank of Changsha Co., Ltd.
The notes priced at par.
Haitong Bank, Sigma Capital, China Citic Bank International and Credit Agricole CIB are joint global coordinators, joint bookrunners and joint lead managers.
The joint bookrunners and joint lead managers were Bocom International, ICBC (Asia), HSBC, Fosun Hani and Industrial Bank Co., Ltd. Hong Kong Branch.
The green structure adviser is Credit Agricole CIB.
Proceeds will be used to finance and/or refinance projects in accordance with the company’s green financing framework.
The issuer is a lithium battery supplier. The company recently signed a long-term supply contract with Tesla.
| Issuer: | Zoomwe Hong Kong New Energy Technology Co., Ltd.
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| Guarantor: | CNGR Advanced Material Co., Ltd.
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| Amount: | $140 million
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| Issue: | Credit-enhanced guaranteed green bonds
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| Maturity: | Sept. 5, 2025
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| Bookrunners: | Haitong Bank, Sigma Capital, China Citic Bank International, Credit Agricole CIB (joint global coordinators), Bocom International, ICBC (Asia), HSBC, Fosun Hani and Industrial Bank Co., Ltd. Hong Kong Branch
|
| Green structurer: | Credit Agricole CIB
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| Trustee: | Bank of New York Mellon, London Branch
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| Counsel to issuer: | Fangda Partners, Beijing DeHeng Law Offices
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| Counsel to underwriters: | JunHe Law Offices, Jingtian & Gongcheng
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| Coupon: | 5.7%
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| Price: | Par
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| Yield: | 5.7%
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| Trade date: | Aug. 31
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| Settlement date: | Sept. 5
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| Distribution: | Regulation S
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| ISIN: | XS2523255060
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