Published on 1/18/2018 in the Prospect News Emerging Markets Daily.
New Issue: Geely Automobile prices $300 million 3 5/8% notes due 2023 at 99.602
New York, Jan. 18 – Geely Automobile Holdings Ltd. priced $300 million of 3 5/8% bonds due 2023 at 99.602, according to an announcement from the company.
Barclays, BNP Paribas, Deutsche Bank AG, Hong Kong Branch and UBS were bookrunners for the Regulation S sale.
Proceeds will be used to refinance debt and for business development and other general corporate purposes.
Geely is a Zhejiang, China automobile manufacturer.
| Issuer: | Geely Automobile Holdings Ltd.
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| Issue: | Bonds
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| Amount: | $300 million
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| Maturity: | 2023
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| Coupon: | 3.625%
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| Price: | 99.602
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| Bookrunners: | Barclays, BNP Paribas, Deutsche Bank AG, Hong Kong Branch, UBS
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| Co-managers: | BOC International, SMBC Nikko and SPDB International
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| Ratings: | S&P: BBB-
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| Pricing date: | Jan. 18
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| Distribution: | Regulation S
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| Marketing: | Roadshow
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