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Published on 10/21/2019 in the Prospect News Emerging Markets Daily.

New Issue: China’s Legend Holdings issues RMB 1.6 billion 3.9% bonds

By Marisa Wong

Los Angeles, Oct. 21 – Legend Holdings Corp. said it closed a RMB 1.6 billion tranche of bonds on Oct. 18.

The bonds carry a coupon of 3.9%.

This is the company’s third tranche for 2019. The company had planned to issue up to RMB 2.5 billion of third-tranche bonds, consisting of a base issue size of RMB 1.5 billion and an up to RMB 1 billion over-allotment option.

Legend is a Beijing-based investment holding company.

Issuer:Legend Holdings Corp.
Issue:Corporate bonds, 2019 third tranche
Amount:RMB 1.6 billion
Coupon:3.9%
Pricing date:Oct. 18

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