By Wendy Van Sickle
Columbus, Ohio, Dec. 18 – HBIS Group Hong Kong Co., Ltd. sold $300 million of 3¾% notes due 2022, according to a listing announcement with the Stock Exchange of Hong Kong, Ltd.
The notes are guaranteed by HBIS Group Co., Ltd.
Proceeds will be used for refinancing HBIS' debt outside of China.
Joint global coordinators are BNP Paribas, Societe Generale CIB, Natixis and UOB. Joint bookrunners and lead managers are Credit Agricole CIB, Zhongtai International, BOSC International, Huatai Financial Holdings (Hong Kong) Ltd. and Standard Chartered Bank.
The listing is expected to become effective on Dec. 19.
The steelmaker is based in Shijiazhuang, China.
| Issuer: | HBIS Group Hong Kong Co., Ltd.
|
| Guarantor: | HBIS Group Co., Ltd.
|
| Issue: | Notes
|
| Amount: | $300 million
|
| Maturity: | 2022
|
| Bookrunners: | BNP Paribas, Societe Generale CIB, Natixis and UOB (global coordinators) and Credit Agricole CIB, Zhongtai International, BOSC International, Huatai Financial Holdings (Hong Kong) Ltd. and Standard Chartered Bank
|
| Coupon: | 3¾%
|
| Listing date: | Dec. 19
|
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