By William Gullotti
Buffalo, N.Y., Dec. 18 – Shandong Zhengfang Holding Group Co., Ltd. sold RMB 65 million of 7.8% bonds due 2026 at par, according to a listing notice and an offering circular on Monday.
ChaoShang Securities Ltd. and Haitong International are the joint lead managers and joint bookrunners for the offering, with ChaoShang leading as sole global coordinator.
Proceeds will be used to finance construction projects and for replenishing working capital.
Listing for the Regulation S bonds is expected on the Chongwa (Macao) Exchange effective Dec. 18.
Owned, located and operating in Zoucheng City of China’s Shandong Province, the issuer is the government’s only investment and financing platform in the Zoucheng Economic Development Zone.
| Issuer: | Shandong Zhengfang Holding Group Co., Ltd.
|
| Amount: | RMB 65 million
|
| Issue: | Bonds
|
| Maturity: | Dec. 15, 2026
|
| Bookrunners: | ChaoShang Securities Ltd. and Haitong International
|
| Trustee: | China Citic Bank International Ltd.
|
| Counsel to underwriters: | Morgan, Lewis & Bockius (England, Hong Kong), Yinghe LLP Beijing (China)
|
| Coupon: | 7.8%
|
| Price: | Par
|
| Yield: | 7.8%
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| Call: | Non-callable
|
| Change of control: | At 101
|
| Pricing date: | Dec. 12
|
| Issue date: | Dec. 15
|
| Listing date: | Dec. 18
|
| Distribution: | Regulation S
|
| ISIN: | XS2735284585
|
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