Published on 3/25/2021 in the Prospect News Emerging Markets Daily.
New Issue: Zhejiang Geely’s LEVC sells $400 million 1 3/8% notes due 2024
By Marisa Wong
Los Angeles, March 25 – LEVC Finance Ltd. issued $400 million of 1 3/8% credit enhanced notes due 2024 (A1), according to a notice.
Bank of China Ltd., Singapore Branch, BNP Paribas, China Citic Bank International Ltd., DBS Bank Ltd., Hongkong and Shanghai Banking Corp. Ltd., China Construction Bank (Asia) Corp. Ltd., China Everbright Bank Co, Ltd., Hong Kong Branch, CMBC Securities Co. Ltd. and Natixis are the bookrunners.
LEVC Finance is a U.K. indirect wholly owned subsidiary of Zhejiang Geely Holding Group Co. Ltd., an automotive company based in Hangzhou, China.
Issuer: | LEVC Finance Ltd.
|
Issue: | Credit enhanced notes
|
Amount: | $400 million
|
Maturity: | March 25, 2024
|
Bookrunners: | Bank of China Ltd., Singapore Branch, BNP Paribas, China Citic Bank International Ltd., DBS Bank Ltd., Hongkong and Shanghai Banking Corp. Ltd., China Construction Bank (Asia) Corp. Ltd., China Everbright Bank Co, Ltd., Hong Kong Branch, CMBC Securities Co. Ltd. and Natixis
|
Coupon: | 1 3/8%
|
Settlement date: | March 25
|
Rating: | Moody’s: A1
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.