Published on 12/23/2021 in the Prospect News Emerging Markets Daily.
New Issue: Longchuang Group sells $43 million 1.9% one-year credit-enhanced guaranteed bonds
By William Gullotti
Buffalo, N.Y., Dec. 23 – China’s Longchuang Group Ltd. issued $43 million of 1.9% credit-enhanced guaranteed bonds due Dec. 22, 2022, according to a listing notice on Thursday.
Central Wealth Securities Investment Ltd., Sinolink Securities (Hong Kong) Co., Ltd., China Zheshang Bank Co., Ltd. (Hong Kong Branch), Huatai Financial Holdings (Hong Kong) Ltd., CMB Wing Lung Bank Ltd., Industrial Bank Co., Ltd., Hong Kong Branch and TFI Securities and Futures Ltd. are the joint lead managers and joint bookrunners for the offering.
Listing for the bonds is expected on the Singapore Exchange effective Dec. 24.
Longchuang Group is an energy technology company based in Shanghai.
Issuer: | Longchuang Group Ltd.
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Amount: | $43 million
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Issue: | Credit-enhanced guaranteed bond
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Maturity: | Dec. 22, 2022
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Bookrunners: | Central Wealth Securities Investment Ltd., Sinolink Securities (Hong Kong) Co., Ltd., China Zheshang Bank Co., Ltd. (Hong Kong Branch), Huatai Financial Holdings (Hong Kong) Ltd., CMB Wing Lung Bank Ltd., Industrial Bank Co., Ltd., Hong Kong Branch and TFI Securities and Futures Ltd.
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Coupon: | 1.9%
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Issue date: | Dec. 23
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Listing date: | Dec. 24
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ISIN: | XS2423896898
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