Published on 8/1/2019 in the Prospect News Emerging Markets Daily.
New Issue: China’s Coastal Emerald issues $500 million 3.95% guaranteed bonds
Chicago, Aug. 1 – Coastal Emerald Ltd. issued $500 million of 3.95% guaranteed bonds (Baa2) due 2022, according to a notice.
The lead managers and bookrunners for the securities are ICBC International Securities Ltd., Industrial and Commercial Bank of China (Asia) Ltd., Hongkong and Shanghai Banking Corp. Ltd., Bank of China Ltd., Standard Chartered Bank, Citigroup Global Markets Ltd., Morgan Stanley & Co. International plc, GF Securities (Hong Kong) Brokerage Ltd., China Minsheng Banking Corp., Ltd., Hong Kong Branch, ABCI Capital Ltd., Bank of Communications Co., Ltd. Hong Kong Branch, Bocom International Securities Ltd., China Citic Bank International Ltd., China Securities Co. Ltd., CLSA Ltd., CMBC Securities Co. Ltd., CMB Wing Lung Bank Ltd., DBS Bank Ltd., Dongxing Securities (Hong Kong) Co. Ltd., Mizuho Securities Asia Ltd., Nomura International (Hong Kong) Ltd., Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, SPDB International Capital Ltd., Yue Xiu Securities Co. Ltd. and Zhongtai International Securities Ltd.
Coastal Emerald is an indirectly wholly owned subsidiary of China Shandong Hi-Speed Financial Group Ltd., which is an investment holding company based in Hong Kong.
Issuer: | Coastal Emerald Ltd.
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Issue: | Guaranteed bonds
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Amount: | $500 million
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Maturity: | 2022
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Bookrunner: | ICBC International Securities Ltd., Industrial and Commercial Bank of China(Asia) Ltd., Hongkong and Shanghai Banking Corp. Ltd., Bank of China Ltd., Standard Chartered Bank, Citigroup Global Markets Ltd., Morgan Stanley & Co. International plc, GF Securities (Hong Kong) Brokerage Ltd., China Minsheng Banking Corp., Ltd., Hong Kong Branch, ABCI Capital Ltd., Bank of Communications Co., Ltd. Hong Kong Branch, Bocom International Securities Ltd., China Citic Bank International Ltd., China Securities Co. Ltd., CLSA Ltd., CMBC Securities Co. Ltd., CMB Wing Lung Bank Ltd., DBS Bank Ltd., Dongxing Securities (Hong Kong) Co. Ltd., Mizuho Securities Asia Ltd., Nomura International (Hong Kong) Ltd., Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, SPDB International Capital Ltd., Yue Xiu Securities Co. Ltd. and Zhongtai International Securities Ltd.
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Coupon: | 3.95%
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Issue date: | Aug. 1
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Settlement date: | Aug. 2
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Ratings: | Moody’s: Baa2
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