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Published on 9/27/2019 in the Prospect News Emerging Markets Daily.

New Issue: China’s Greenland sells $500 million 6¾% notes, $200 million 5¾% notes

By Angela McDaniels

Tacoma, Wash., Sept. 27 – Greenland Global Investment Ltd. applied to list $500 million of 6¾% notes due 2023 and $200 million of 5¾% notes due 2022 on the Stock Exchange of Hong Kong Ltd.

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

The managers are BOC International, Haitong International, CLSA and Orient Securities (Hong Kong).

The listing was expected to become effective Friday.

Greenland is a real estate developer based in Shanghai.

Issuer:Greenland Global Investment Ltd.
Guarantor:Greenland Holding Group Co. Ltd.
Issue:Notes
Amount:$700 million
Managers:BOC International, Haitong International, CLSA and Orient Securities (Hong Kong)
Pricing date:Sept. 19
Listing date:Sept. 27
Series A notes
Amount:$500 million
Maturity:2023
Coupon:6¾%
Series B notes
Amount:$200 million
Maturity:2022
Coupon:5¾%

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