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Published on 6/24/2020 in the Prospect News Emerging Markets Daily.

New Issue: China National Bluestar prices $500 million 3 7/8% perpetual securities at par

By Wendy Van Sickle

Columbus, Ohio, June 24 – China National Bluestar (Group) Co. Ltd. priced $500 million of 3 7/8% perpetual securities at par through subsidiary Bluestar Finance Holdings Ltd., according to a notice of listing on the Stock Exchange of Hong Kong Ltd.

The joint bookrunners and joint lead managers were BNP Paribas, BOC International, Credit Agricole CIB, CLSA, ICBC International and Mizuho Securities.

BNP Paribas, BOC, Credit Agricole and Morgan Stanley acted as joint global coordinators.

Bluestar is a chemical product manufacturer based in Chaoyang, China.

Issuer:Bluestar Finance Holdings Ltd.
Guarantor:China National Bluestar (Group) Co. Ltd.
Issue:Subordinated guaranteed perpetual securities
Amount:$500 million
Maturity:Perpetual
Bookrunners:BNP Paribas, BOC International, Credit Agricole CIB, CLSA, ICBC International and Mizuho Securities
Coupon:3 7/8%
Price:Par
Listing date:June 26

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