Published on 3/5/2020 in the Prospect News Emerging Markets Daily.
New Issue: Geely Finance (Hong Kong) sells $400 million 3% notes due 2025
By Marisa Wong
Los Angeles, March 5 – Zhejiang Geely Holding Group Co. Ltd. special purpose vehicle Geely Finance (Hong Kong) Ltd. priced $400 million of 3% guaranteed senior notes due 2025, according to a notice.
The notes (BBB-) are guaranteed by Zhejiang Geely.
Barclays Bank plc, Bank of China Ltd., Singapore Branch, BNP Paribas, DBS Bank Ltd., China Everbright Bank Co., Ltd., Hong Kong Branch, Citigroup Global Markets Ltd. and Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch are the bookrunners.
Geely is an automotive company based in Hangzhou, China.
Issuer: | Geely Finance (Hong Kong) Ltd.
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Guarantor: | Zhejiang Geely Holding Group Co. Ltd.
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Issue: | Senior notes
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Amount: | $400 million
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Maturity: | March 5, 2025
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Bookrunners: | Barclays Bank plc, Bank of China Ltd., Singapore Branch, BNP Paribas, DBS Bank Ltd., China Everbright Bank Co., Ltd., Hong Kong Branch, Citigroup Global Markets Ltd. and Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch
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Coupon: | 3%
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Settlement date: | March 5
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Rating: | S&P: BBB-
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