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Published on 6/16/2020 in the Prospect News Emerging Markets Daily.

New Issue: China’s Greenland Global sells $500 million of 6¼% notes due 2022

By Wendy Van Sickle

Columbus, Ohio, June 16 – Greenland Global Investment Ltd. priced $500 million of 6¼% notes due 2022, according to a company notice.

The notes are guaranteed by Greenland Holding Group Co. Ltd.

BOC International, Haitong International and Shenwan Hongyuan HK are the joint global coordinators, and were joined as bookrunners and lead managers by CLSA and Guotai Junan International.

The notes are being issued under the company’s $8 billion guaranteed medium-term note program.

Listing is expected on Wednesday.

Greenland is a real estate developer based in Shanghai.

Issuer:Greenland Global Investment Ltd.
Guarantor:Greenland Holding Group Co. Ltd.
Issue:Notes
Amount:$500 million
Maturity:2022
Managers:BOC International, CLSA, Shenwan Hongyuan HK, Haitong International and Guotai Junan International
Coupon:6¼%
Listing date:June 17
Distribution:Regulation S

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