Chicago, Oct. 27 – China’s Huzhou Wuxing Economic Development and Investment Group Co., Ltd. issued RMB 240 million of 5.2% bonds due 2025, priced at par, according to an offering document.
The global coordinator was BOSC International. Joining BOSC, China Zheshang Bank Co., Ltd. (Hong Kong Branch), Guosen Securities (HK), Caitong International, Sigma Capital and Dingxin (Securities) Ltd. were listed as joint lead managers and joint bookrunners.
Proceeds will be used for industry improvement projects and supplementing working capital.
Application will be made to list the Regulation S bonds on the Chongwa (Macao) Exchange.
The issuer is wholly owned by Wuxing Service Centre and a key infrastructure construction entity located in Wuxing District of Huzhou City, China.
| Issuer: | Huzhou Wuxing Economic Development and Investment Group Co., Ltd.
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| Amount: | RMB 240 million
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| Issue: | Bonds
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| Maturity: | Oct. 21, 2025
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| Bookrunners: | BOSC, China Zheshang Bank Co., Ltd. (Hong Kong Branch), Guosen Securities (HK), Caitong International, Sigma Capital and Dingxin (Securities) Ltd.
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| Counsel to issuer: | Linklaters and Deheng Law Offices (Hangzhou)
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| Counsel to underwriters: | King & Wood Mallesons and Capital Equity Legal Group Huzhou Law Firm
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| Coupon: | 5.2%
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| Price: | Par
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| Yield: | 5.2%
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| Call: | For taxation reasons at par
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| Change of control: | At 101
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| Trade date: | Oct. 18
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| Settlement date: | Oct. 21
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| Distribution: | Regulation S
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