China’s Xiaomi plans dollar-denominated bonds, including green bonds

By Marisa Wong

Los Angeles, July 6 – Xiaomi Corp. is proposing to issue dollar-denominated senior bonds, including bonds under its green finance framework, according to a company announcement.

The bonds will be issued through wholly owned subsidiary Xiaomi Best Time International Ltd. and guaranteed by the parent company.

Goldman Sachs (Asia) LLC, Credit Suisse (Hong Kong) Ltd., J.P. Morgan Securities plc, China International Capital Corp. Hong Kong Securities Ltd., CLSA Ltd., Morgan Stanley & Co. International plc, Citigroup Global Markets Inc, Hongkong and Shanghai Banking Corp. Ltd., Bank of China Ltd., China Construction Bank (Asia) Corp. Ltd., ICBC International Securities Ltd. and AMTD Global Markets Ltd. will act as joint lead managers and joint bookrunners for the Rule 144A and Regulation S offering.

Goldman Sachs, Credit Suisse and JPMorgan will act as joint global coordinators.

Proceeds from the green bonds will be used to finance or refinance new or existing green projects. Proceeds from the other bonds will be used for general corporate purposes.

The home electronics company is based in Beijing.

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