Published on 10/19/2020 in the Prospect News Emerging Markets Daily.
New Issue: China’s HanRui sells $114 million 3.2% bonds due 2023
By Taylor Fox
New York, Oct. 19 – Hanrui Overseas Investment Co., Ltd. priced a $114 million issue of 3.2% credit enhanced guaranteed bonds due 2023 (//B), according to a regulatory notice.
TF International, Guosen Securities (HK), Bank of China, Shanghai Puding Development Bank, Hon Kong Branch, ABC International, JQ Securities and CMBC Capital are joint bookrunners and joint lead managers of the Regulation S bonds.
The infrastructure and construction company is based in Zhenjiang, China.
Issuer: | Hanrui Overseas Investment Co. Ltd.
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Description: | Credit enhanced guaranteed bonds
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Amount: | $114 million
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Maturity: | 2023
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Bookrunners: | TF International, Guosen Securities (HK), Bank of China, Shanghai Puding Development Bank, Hon Kong Branch, ABC International, JQ Securities and CMBC Capital
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Coupon: | 3.2%
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Announcement date: | Oct. 19
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Expected rating: | Fitch: B
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Distribution: | Regulation S
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