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Published on 9/17/2019 in the Prospect News Emerging Markets Daily.

New Issue: China’s Shuifa sells $400 million of 4.15% guaranteed bonds due 2022

By Sarah Lizee

Olympia, Wash., Sept. 17 – Shuifa Group Co., Ltd. subsidiary Shuifa International Holdings (BVI) Co., Ltd. sold $400 million of 4.15% guaranteed bonds due 2022, according to a notice of listing with the Stock Exchange of Hong Kong Ltd.

Shuifa Group guarantees the bonds.

China International Capital Corp., Guotai Junan International, Zhongtai International, China Industrial Securities International, China Citic Bank International, Industrial Bank Co., Ltd. Hong Kong Branch, Bocom International and Orient Securities (Hong Kong) are the joint lead managers and joint bookrunners.

Listing is expected for Sept. 18.

Shuifa Group is a water supply company based in the Shandong province of China.

Issuer:Shuifa International Holdings (BVI) Co., Ltd.
Guarantor:Shuifa Group Co., Ltd.
Issue:Guaranteed bonds
Amount:$400 million
Maturity:2022
Bookrunners:China International Capital Corp., Guotai Junan International, Zhongtai International, China Industrial Securities International, China Citic Bank International, Industrial Bank Co., Ltd. Hong Kong Branch, Bocom International and Orient Securities (Hong Kong)
Coupon:4.15%
Pricing date:Sept. 10
Listing date:Sept. 18
Distribution:Regulation S

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