New Issue: GF Financial prices $300 million 1 1/8% credit-enhanced bonds due 2024

By William Gullotti

Buffalo, N.Y., Sept. 15 – GF Financial Holdings BVI Ltd. announced an application to list $300 million of 1 1/8% credit-enhanced bonds (A2) due Sept. 15, 2024, according to a notice Wednesday.

The bonds feature an irrevocable standby letter of credit issued by Nanyang Commercial Bank, Ltd.

The joint lead managers and joint bookrunners for the offering are GF Securities (Hong Kong) Brokerage Ltd., Nanyang Commercial Bank, Ltd., Bank of China (Hong Kong) Ltd., Bank of Communications Co., Ltd. Hong Kong Branch, China Citic Bank International Ltd., China Construction Bank (Asia) Corp. Ltd., HSBC Ltd., Industrial and Commercial Bank of China (Asia) Ltd., Industrial Bank Co., Ltd. Hong Kong Branch, Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, Standard Chartered Bank, ABCI Capital Ltd., Agricultural Bank of China Ltd. Hong Kong Branch, Bocom International Securities Ltd., BOSC International Co. Ltd., CCB International Capital Ltd., Central Wealth Securities Investment Ltd., Changjiang Securities Brokerage (HK) Ltd., China Everbright Bank Co., Ltd., Hong Kong Branch, China Industrial Securities International Brokerage Ltd., China International Capital Corp. Hong Kong Securities Ltd., China Merchants Securities (HK) Co., Ltd., China Minsheng Banking Corp., Ltd., Hong Kong Branch, CMB International Capital Ltd., CMBC Securities Co., Ltd., CMB Wing Lung Bank Ltd., CNCB (Hong Kong) Capital Ltd., DBS Bank Ltd., Guosen Securities (HK) Brokerage Co., Ltd., Guotai Junan Securities (Hong Kong) Ltd., Guoyuan Capital (Hong Kong) Ltd., Haitong International Securities Co. Ltd., Huatai Financial Holdings (Hong Kong) Ltd., ICBC International Securities Ltd., Nataxis, Shenwan Hongyuan Securities (H.K.) Ltd., Soochow Securities International Brokerage Ltd., SPDB International Capital Ltd., TFI Securities and Futures Ltd. and Zhongtai International Securities Ltd.

The Regulation S notes are expected to be listed on the Stock Exchange of Hong Kong Ltd. on Sept. 3.

The issuer is a subsidiary of GF Securities Co., Ltd., offering securities brokerage, investment banking, wealth management, asset custody and investment management services.

Issuer:	GF Financial Holdings BVI Ltd.
Issue:	Credit-enhanced bonds
Amount:	$300 million
Maturity:	Sept. 15, 2024
Bookrunners:	GF Securities (Hong Kong) Brokerage Ltd., Nanyang Commercial Bank, Ltd., Bank of China (Hong Kong) Ltd., Bank of Communications Co., Ltd. Hong Kong Branch, China Citic Bank International Ltd., China Construction Bank (Asia) Corp. Ltd., HSBC Ltd., Industrial and Commercial Bank of China (Asia) Ltd., Industrial Bank Co., Ltd. Hong Kong Branch, Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, Standard Chartered Bank, ABCI Capital Ltd., Agricultural Bank of China Ltd. Hong Kong Branch, Bocom International Securities Ltd., BOSC International Co. Ltd., CCB International Capital Ltd., Central Wealth Securities Investment Ltd., Changjiang Securities Brokerage (HK) Ltd., China Everbright Bank Co., Ltd., Hong Kong Branch, China Industrial Securities International Brokerage Ltd., China International Capital Corp. Hong Kong Securities Ltd., China Merchants Securities (HK) Co., Ltd., China Minsheng Banking Corp., Ltd., Hong Kong Branch, CMB International Capital Ltd., CMBC Securities Co., Ltd., CMB Wing Lung Bank Ltd., CNCB (Hong Kong) Capital Ltd., DBS Bank Ltd., Guosen Securities (HK) Brokerage Co., Ltd., Guotai Junan Securities (Hong Kong) Ltd., Guoyuan Capital (Hong Kong) Ltd., Haitong International Securities Co. Ltd., Huatai Financial Holdings (Hong Kong) Ltd., ICBC International Securities Ltd., Nataxis, Shenwan Hongyuan Securities (H.K.) Ltd., Soochow Securities International Brokerage Ltd., SPDB International Capital Ltd., TFI Securities and Futures Ltd. and Zhongtai International Securities Ltd.
Coupon:	1 1/8%
Issue date:	Sept. 15
Listing date:	Sept. 16
Rating:	Moody’s: A2

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.