By Wendy Van Sickle
Columbus, Ohio, Sept. 24 – Wuhan Jiangxia Agriculture Group Co. Ltd. sold $64 million of 3.6% credit enhanced bonds due 2023, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.
The bonds have the benefit of an irrevocable standby letter of credit issued by Nanyang Commercial Bank (China) Ltd. Wuhan Branch.
Fosun Hani, China Industrial Securities International, Guoyuan Capital, Wilson Securities and Silk Road International are the placing agents.
Listing is expected for Friday.
Nanyang Commercial is a Hong Kong-based bank.
| Issuer: | Wuhan Jiangxia Agriculture Group Co. Ltd.
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| Issue: | Credit enhanced bonds
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| Amount: | $64 million
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| Maturity: | 2023
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| Placing agents: | Fosun Hani, China Industrial Securities International, Guoyuan Capital, Wilson Securities and Silk Road International
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| Coupon: | 3.6%
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| Announcement date: | Sept. 24
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| Listing date: | Sept. 25
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| Distribution: | Regulation S
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