Published on 2/4/2021 in the Prospect News Emerging Markets Daily.
New Issue: Hong Kong’s Southwest Securities sells $178 million 4% notes due 2024
Chicago, Feb. 4 – Southwest Securities International Securities Ltd. sold $178 million of 4% bonds due Feb. 9, 2024 at par, according to a notice.
Joint lead managers and joint bookrunners are Southwest Securities (HK) Brokerage Ltd., Haitong International Securities Co. Ltd., CMB International Capital Ltd., Huatai Financial Holdings (Hong Kong) Ltd., BOSC International Co. Ltd., BNP Paribas, Bocom International Securities Ltd., China Citic Bank International Ltd., China Everbright Bank Co., Ltd., Hong Kong Branch, China Securities (International) Corporate Finance Co. Ltd., CLSA Ltd., CMBC Securities Co. Ltd., Guotai Junan Securities (Hong Kong) Ltd., Orient Securities (Hong Kong) Ltd. and SPDB International Capital Ltd. for the Regulation S deal.
Southwest Securities (HK) Brokerage, Haitong International, CMB International, Huatai Financial and BOSC International also acted as joint global coordinators.
The company plans to use the proceeds to refinance its $200 million 6.9% bonds due April 17, 2021.
The issuer is a financial services company based in Hong Kong.
| Issuer: | Southwest Securities International Securities Ltd.
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| Amount: | $178 million
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| Maturity: | Feb. 9, 2024
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| Securities: | Bonds
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| Bookrunners: | Southwest Securities (HK) Brokerage Ltd., Haitong International Securities Co. Ltd., CMB International Capital Ltd., Huatai Financial Holdings (Hong Kong) Ltd., BOSC International Co. Ltd., BNP Paribas, Bocom International Securities Ltd., China Citic Bank International Ltd., China Everbright Bank Co., Ltd., Hong Kong Branch, China Securities (International) Corporate Finance Co. Ltd., CLSA Ltd., CMBC Securities Co. Ltd., Guotai Junan Securities (Hong Kong) Ltd., Orient Securities (Hong Kong) Ltd. and SPDB International Capital Ltd.
|
| Trustee: | Bank of New York Mellon, London Branch
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| Coupon: | 4%
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| Price: | Par
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| Yield: | 4%
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| Change of control put: | At 101
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| Pricing date: | Feb. 3
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| Settlement date: | Feb. 9
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| Distribution: | Regulation S
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