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Published on 6/22/2020 in the Prospect News Emerging Markets Daily.

New Issue: China’s Xianyang Financial sells $100 million 3.8% bonds due 2023

Chicago, June 22 – Xianyang Financial Holding Group Co., Ltd. issued $100 million 3.8% credit-enhanced bonds due 2023, according to a listing notice.

The issue benefits from an irrevocable standby letter of credit issued by Bank of Chongqing Co., Ltd.

Haitong International Securities Co. Ltd. is the global coordinator.

Joint lead managers and joint bookrunners are Haitong, China Citic Bank International, ICBC (Asia), Industrial Bank Co., Ltd. Hong Kong Branch and Shanghai Pudong Development Bank Hong Kong Branch.

The notes are being listed on the Stock Exchange of Hong Kong Ltd.

The issuer is a financial institution based in China.

Issuer:Xianyang Financial Holding Group Co., Ltd.
Letter of credit:Bank of Chongqing Co., Ltd.
Issue:Credit-enhanced notes
Amount:$100 million
Maturity:2023
Global coordinator:Haitong International Securities Co. Ltd.
Bookrunners:Haitong International Securities Co. Ltd., China Citic Bank International, ICBC (Asia), Industrial Bank Co., Ltd. Hong Kong Branch and Shanghai Pudong Development Bank Hong Kong Branch
Coupon:3.8%
Settlement date:June 22

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