Chicago, March 20 – Huikai International Investment Co. Ltd. sold $50 million 6.9% bonds due 2024, according to a document.
The bonds priced at par.
The issue comes with the benefit of a keepwell deed and a deed of equity interest purchase undertaking by Wuxi Huishan Hi Tech Co., Ltd.
The joint global coordinators, joint lead managers and joint bookrunners were Central Wealth Securities Investment Ltd., Citic Securities, Shanghai Pudong Development Bank Hong Kong Branch and SunRiver International Securities.
The joint lead managers and joint bookrunners were China Galaxy International and Zhongtai International.
Proceeds will be used for refinancing and general corporate purposes.
The issuer is involved in infrastructure construction and the construction of compensatory housing for resettled households in Wuxi Huishan Economic Development Zone in the Jiangsu Province. Wuxi Huishan Economic Development Zone Sasac owns Huikai.
| Issuer: | Huikai International Investment Co. Ltd.
|
| Amount: | $50 million
|
| Issue: | Bonds
|
| Maturity: | March 19, 2024
|
| Bookrunners: | Central Wealth Securities Investment Ltd., Citic Securities, Shanghai Pudong Development Bank Hong Kong Branch, SunRiver International Securities, China Galaxy International and Zhongtai International
|
| Trustee: | CMB Wing Lung (Trustee) Ltd.
|
| Counsel to issuer: | Ogier
|
| Counsel to underwriters: | DeHeng Law Office (Hong Kong) LLP and Jiangsu Shenque Law Firm
|
| Coupon: | 6.9%
|
| Price: | Par
|
| Yield: | 6.9%
|
| Change of control: | At 101
|
| Trade date: | March 16
|
| Settlement date: | March 29
|
| Distribution: | Regulation S
|
| ISIN: | XS2595457578
|
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