By Marisa Wong
Madison, Wis., May 9 - Global Bio-Chem Technology Group Co. Ltd. sold RMB 450 million 7% guaranteed bonds due May 16, 2014 at par, according to a news release.
HSBC is the bookrunner for the Regulation S deal.
Settlement will be May 16.
Interest is payable semiannually.
Proceeds, estimated to be RMB 440 million, will be used to repay debt.
Global Bio-Chem is a Hong Kong-based manufacturer and seller of corn-related products.
| Issuer: | Global Bio-Chem Technology Group Co. Ltd.
|
| Issue: | Guaranteed bonds
|
| Amount: | RMB 450 million
|
| Maturity: | May 16, 2014
|
| Bookrunner: | HSBC
|
| Coupon: | 7%
|
| Price: | Par
|
| Yield: | 7%
|
| Settlement date: | May 16
|
| Distribution: | Regulation S
|
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