New Issue: Zhuhai Huafa unit sells $200 million 4.2% bonds due 2023

By Rebecca Melvin

Concord, N.H., Jan. 28 – China’s Zhuhai Huafa Properties Co., Ltd. subsidiary Guang Tao Investment Ltd. sold $200 million of 4.2% guaranteed bonds due 2023 at par, according to a final offering circular Friday.

The bonds are guaranteed by the parent company.

Huajin International, Haitong International, Shenwan Hongyuan (HK), Hua Xia Bank Co. Ltd. Hong Kong Branch, China Industrial Securities International, Guotai Junan International, China International Capital Corp., Bocom International, GF Securities, CMBC Capital, CNCB Capital, CLSA and ICBC International are the joint global coordinators, joint lead managers and joint bookrunners for the Regulation S offering.

The residential and commercial property developer is focused on first- and second-tier cities in China.

Issuer:	Guang Tao Investment Ltd.
Guarantor:	Zhuhai Huafa Properties Co., Ltd.
Issue:	Guaranteed bonds
Amount:	$200 million
Maturity:	Jan. 26, 2023
Bookrunners:	Huajin International, Haitong International, Shenwan Hongyuan (HK), Hua Xia Bank Co. Ltd. Hong Kong Branch, China Industrial Securities International, Guotai Junan International, China International Capital Corp., Bocom International, GF Securities, CMBC Capital, CNCB Capital, CLSA and ICBC International
Coupon:	4.2%
Price:	Par
Yield:	4.2%
Issue date:	Jan. 27
Trustee:	China Construction Bank (Asia) Corp. Ltd.
Distribution:	Regulation S
ISIN:	XS242798082

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