New Issue: Hong Kong’s AAC Technologies prices $388 million 3% five-year notes at 99.581

By Wendy Van Sickle

Columbus, Ohio, Nov. 20 – AAC Technologies Holdings Inc. priced $388 million of 3% five-year notes at 99.581 on Wednesday, according to a notice.

The Regulation S offering was led by China International Capital, Hong Kong Securities Ltd. and DBS Bank Ltd. as joint global coordinators, joint bookrunners and joint lead managers.

Proceeds will be used for refinancing and the development of the group’s business.

The company is a Hong Kong based supplier of products to leading mobile phone and consumer electronics makers.

Issuer:	AAC Technologies Holdings Inc.
Issue:	Notes
Amount:	$388 million
Maturity:	Nov. 27, 2024
Bookrunners:	China International Capital, Hong Kong Securities Ltd. and DBS Bank Ltd.
Coupon:	3%
Price:	99.581
Call:	Make-whole call until Nov. 27, 2022, then callable at 101.5 until Nov. 27, 2023, then at 100.75
Put:	Change of control put at 101
Pricing date:	Nov. 20
Settlement date:	Nov. 27
Distribution:	Regulation S
Expected ratings:	Moody’s: Baa1

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