Chicago, June 16 – China Gold International Resources Corp. Ltd. said wholly owned subsidiary Skyland Mining (BVI) Ltd. sold $300 million 2.8% guaranteed bonds (BBB-) due 2023 at 99.886, according to a notice.
The notes will be guaranteed by the parent.
Bank of China (Hong Kong) Ltd., China International Capital Corp., Hong Kong Securities Ltd. are the joint global coordinators.
Joining as joint bookrunners and joint lead managers are China Construction Bank (Asia) Corp. Ltd., Citigroup Global Markets Ltd., Guotai Junan Securities (Hong Kong) Ltd., Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, Silk Road International Capital Ltd. and Standard Chartered Bank.
Proceeds from the Regulation S issue will be used for repaying debt and funding general corporate purposes.
China Gold is based in Vancouver, B.C., and operates the CSH Gold Mine in Inner Mongolia and the Jiama Copper-Gold Polymetallic Mine in the Tibet Autonomous Region of the People’s Republic of China.
| Issuer: | Skyland Mining (BVI) Ltd.
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| Guarantor: | China Gold International Resources Corp. Ltd.
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| Issue: | Guaranteed bonds
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| Amount: | $300 million
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| Maturity: | June 23, 2023
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| Joint global coordinators: | Bank of China (Hong Kong) Ltd., China International Capital Corp., Hong Kong Securities Ltd.
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| Bookrunners: | Bank of China (Hong Kong) Ltd., China International Capital Corp., Hong Kong Securities Ltd., China Construction Bank (Asia) Corp. Ltd., Citigroup Global Markets Ltd., Guotai Junan Securities (Hong Kong) Ltd., Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, Silk Road International Capital Ltd. and Standard Chartered Bank
|
| Coupon: | 2.8%
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| Price: | 99.886
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| Change-of-control put: | At 101
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| Pricing date: | June 16
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| Issue date: | June 23
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| Rating: | S&P: BBB-
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| Distribution: | Regulation S
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