By Wendy Van Sickle
Columbus, Ohio, Nov. 18 – China’s SF Holding Investment 2021 Ltd. priced $1.2 billion of notes in three parts, according to a notice with the Stock Exchange of Hong Kong Ltd.
The notes include $400 million 2 3/8% five-year notes with an issue price of 99.738; $300 million of 3% seven-year notes at an issue price of 99.912; and $500 million of 3 1/8% 10-year notes at an issue price of 99.075.
Bank of China (Hong Kong), Standard Chartered Bank, DBS Bank Ltd., Credit Agricole CIB, ICBC International, China Securities International, CLSA and MUFG are the bookrunners.
The notes are guaranteed by SF Holding Co., Ltd.
Proceeds will be used to refinance existing debt.
Based in Xinzhou, China, SF Holding provides logistics, order tracking, supply chain management, warehousing and other services.
| Issuer: | SF Holding Investment 2021 Ltd.
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| Guarantor: | SF Holding Co., Ltd.
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| Issue: | Guaranteed bonds
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| Amount: | $1.2 billion
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| Bookrunners: | Bank of China (Hong Kong), Standard Chartered Bank, DBS Bank Ltd., Credit Agricole CIB, ICBC International, China Securities International, CLSA and MUFG
|
| Announcement date: | Nov. 18
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| 2026 notes
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| Amount: | $400 million
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| Maturity: | Nov. 17, 2026
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| Coupon: | 2 3/8%
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| Issue price: | 99.738
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|
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| 2028 notes
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| Amount: | $300 million
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| Maturity: | Nov. 17, 2028
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| Coupon: | 3%
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| Issue price: | 99.912
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|
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| 2031 notes
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| Amount: | $500 million
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| Maturity: | Nov. 17, 2031
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| Coupon: | 3 1/8%
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| Issue price: | 99.075
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