By William Gullotti
Buffalo, N.Y., Jan. 16 – China’s Chengdu Dongjin Huaizhou Xincheng Investment Group Co., Ltd. sold RMB 670 million of 7.6% bonds due 2026 at par, according to a subscription notice filed by Cinda International Holdings Ltd. on Monday.
Cinda International Capital Ltd., a subsidiary of Cinda International Holdings, was the only bookrunner disclosed in the subscription notice and has been allocated RMB 28 million of the total issuance.
The subscription agreement referenced in the notice, dated Jan. 12, was not included and has not been publicly released.
Proceeds will be used for project construction and to replenish working capital.
Application will be filed to list the bonds on the Chongwa (Macao) Exchange.
The issuing group is an operating platform for urban development in Jintang County in China.
| Issuer: | Chengdu Dongjin Huaizhou Xincheng Investment Group Co., Ltd.
|
| Amount: | RMB 670 million
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| Issue: | Bonds
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| Maturity: | Jan. 18, 2026
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| Bookrunner: | Cinda International Capital Ltd.
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| Trustee: | China Construction Bank (Asia) Corp., Ltd.
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| Coupon: | 7.6%
|
| Price: | Par
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| Yield: | 7.6%
|
| Call: | For taxation reasons at par
|
| Change of control: | At 101
|
| Pricing date: | Jan. 12
|
| Issue date: | Jan. 18
|
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