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Published on 7/17/2020 in the Prospect News Emerging Markets Daily.

New Issue: Tongchuangjiuding’s Jiu An sells $300 million 9½% bonds due 2023

By Taylor Fox

Chicago, July 17 – Jiu An Finance Co., Ltd issued $300 million of 9½% guaranteed bonds due 2023 guaranteed by Tongchuangjiuding Investment Management Group Co., Ltd, according to an announcement.

Haitong International, CCB International, China Merchants Securities (HK) and TF International are the joint global coordinators, joint lead managers and bookrunners on the bonds.

China Galaxy International Securities (Hong Kong) Co., Ltd; Central Wealth Securities Investment Ltd and Shanghai Pudong Development Bank Hong Kong Branch are the lead managers and joint bookrunners.

The investment management company is based in Beijing.

Issuer:Jiu An Finance Co., Ltd
Guarantor:Tongchuangjiuding Investment Management Group Co., Ltd.
Description:Guaranteed bonds
Amount:$300 million
Maturity:2023
Bookrunner:Haitong International; CCB International; China Merchants Securities (HK); TF International; China Galaxy International Securities (Hong Kong) Co., Ltd; Central Wealth Securities Investment Ltd and Shanghai Pudong Development Bank Hong Kong Branch
Coupon:9½%
Issue date:July 20

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