China’s Haosen Fintech eyes offering HK$20 million 8% bonds due 2026

By William Gullotti

Buffalo, N.Y., March 22 – Haosen Fintech Group Ltd.’s board of directors proposed a HK$20 million issue of 8% bonds due 2026, according to an announcement on Friday.

The proposed two-year bonds may be redeemed at any time prior to maturity via mutual agreement between the company and the bondholder.

The unsecured bond proposal lists a guarantee provision in the form of a personal guarantee from the company’s chairman and executive director.

Proceeds from the proposed issue are intended to finance business expansions and for general working capital.

No applications will be made to list the bonds on any exchange.

The issuer was formally known as Wealthy Way Group Ltd. The company is a financial leasing and advisory services provider based in Shenzhen, China.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.