New Issue: China’s Fujian Zhanglong sells $500 million 5 7/8% notes due 2022

By Sarah Lizee

Olympia, Wash., Aug. 26 – Fujian Zhanglong Group Co., Ltd. priced $500 million of 5 7/8% notes due 2022, according to a listing notice with the Stock Exchange of Hong Kong Ltd.

Guotai Junan International, Industrial Bank Co., Ltd. Hong Kong Branch, Bocom International, China Citic Bank, International China Industrial Securities International, Chiyu Banking Corp. Ltd., Haitong International, Orient Securities (Hong Kong) and TF International acted as joint bookrunners and joint lead managers.

Guotai Junan and Industrial Bank are also joint global coordinators.

Listing is expected for Aug. 27.

Fujian Zhanglong Group invests in city infrastructure projects, logistics management, tourism development and other fields. It is based in Zhangzhou, China.

Issuer:	Fujian Zhanglong Group Co., Ltd.
Issue:	Notes
Amount:	$500 million
Maturity:	2022
Bookrunners:	Guotai Junan International, Industrial Bank Co., Ltd. Hong Kong Branch, Bocom International, China Citic Bank, International China Industrial Securities International, Chiyu Banking Corp. Ltd., Haitong International, Orient Securities (Hong Kong) and TF International
Coupon:	5 7/8%
Announcement date:	Aug. 26
Listing date:	Aug. 27

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