By Aleesia Forni and Christine Van Dusen
Virginia Beach, June 12 – China’s Zhuhai Huafa Group Co. Ltd. sold RMB 850 million of 4¼% three-year notes (expected rating: A1) at 99.93 to yield 4.275%, a market source said.
ABC International, Agricultural Bank of China (Hong Kong branch), Agricultural Bank of China (Singapore branch) and Oversea-Chinese Banking were the bookrunners for the Regulation S deal.
The notes will be issued by Hong Kong Huafa Investment Holdings Co. Ltd., a subsidiary of Zhuhai Huafa Group.
The company is a conglomerate based in Zhuhai.
| Issuer: | Zhuhai Huafa Group Co. Ltd.
|
| Amount: | RMB 850 million
|
| Description: | Notes
|
| Maturity: | June 18, 2017
|
| Bookrunners: | ABC International, Agricultural Bank of China (Hong Kong branch), Agricultural Bank of China (Singapore branch), Oversea-Chinese Banking
|
| Coupon: | 4¼%
|
| Price: | 99.93
|
| Yield: | 4.275%
|
| Trade date: | June 11
|
| Change-of-control: | 101%
|
| Ratings: | Moody’s: A1
|
| Standard & Poor's: A
|
| Fitch: A
|
|
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