Published on 11/10/2020 in the Prospect News Emerging Markets Daily.
New Issue: China’s Poly Property unit sells $500 million 4% notes due 2025
By Marisa Wong
Los Angeles, Nov. 10 – Ease Trade Global Ltd. priced $500 million of 4% notes due 2025 guaranteed by Poly Property Group Co., Ltd. at par, according to a notice.
BOC International, Huatai International, UBS, China International Capital Corp., Bank of Communications, China Everbright Bank, Hong Kong Branch, Guotai Junan International, ICBC (Asia), ABC International, Shanghai Pudong Development Bank, Hong Kong Branch, China Securities International, China Citic Bank International, Silk Road International, CMBC Capital, Bank of East Asia, Ltd., China Minsheng Banking Corp., Ltd., Hong Kong Branch and Haitong International are the joint bookrunners and joint lead managers.
Listing of the notes on the Stock Exchange of Hong Kong Ltd. is expected to become effective on Nov. 11.
Poly Property is a residential and commercial property company based in Hong Kong.
Issuer: | Ease Trade Global Ltd.
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Guarantor: | Poly Property Group Co., Ltd.
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Issue: | Notes
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Amount: | $500 million
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Maturity: | 2025
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Bookrunners: | BOC International, Huatai International, UBS, China International Capital Corp., Bank of Communications, China Everbright Bank, Hong Kong Branch, Guotai Junan International, ICBC (Asia), ABC International, Shanghai Pudong Development Bank, Hong Kong Branch, China Securities International, China Citic Bank International, Silk Road International, CMBC Capital, Bank of East Asia, Ltd., China Minsheng Banking Corp., Ltd., Hong Kong Branch and Haitong International
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Coupon: | 4%
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Price: | Par
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Yield: | 4%
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Listing date: | Nov. 11
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