By Rebecca Melvin
New York, June 28 – China’s Zhongyuan Sincere Investment Co. Ltd. priced $500 million of 4¼% guaranteed bond due 2024, according to a listing notice filed with the Stock Exchange of Hong Kong, Ltd.
The bonds are guaranteed by Zhongyuan Yuzi Investment Holding Group Co. Ltd.
Credit Suisse, China Citic Bank International, China Minsheng Banking Corp. Ltd. Hong Kong Branch, CMB International, ICBC International, Industrial Bank Co. Ltd. Hong Kong Branch and China Everbright Bank Hong Kong Branch are joint lead managers and joint bookrunners of the Regulation S notes.
The company is a finance subsidiary of Zhongyuan Yuzi Investment Holding Group, the sole provincial-level financing vehicle that supports affordable housing projects in Henan Province.
| Issuer: | Zhongyuan Sincere Investment co. Ltd.
|
| Guarantor: | Zhongyuan Yuzi Investment Holding Group Co. Ltd.
|
| Issue: | Guaranteed notes
|
| Amount: | $500 million
|
| Maturity: | 2024
|
| Bookrunners: | Credit Suisse, China Citic Bank International, China Minsheng Banking Corp. Ltd. Hong Kong Branch, CMB International, ICBC International, Industrial Bank Co. Ltd. Hong Kong Branch and China Everbright Bank Hong Kong Branch
|
| Coupon: | 4¼%
|
| Announcement date: | June 28
|
| Distribution: | Regulation S
|
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