By Rebecca Melvin
New York, Feb. 10 – Blue Bright Ltd. sold $300 million of 2 3/8% guaranteed bonds due 2026 (A3//) at 99.841, according to a notice.
The bonds are guaranteed by Avic Capital Co. Ltd.
Holders have the right to put the bonds at 101 upon a change of control.
BOC International, China International Capital Corp., CMBC Capital, Shanghai Pudong Development Bank Hong Kong Branch, Silk Road International and Standard Chartered Bank are joint lead managers and joint bookrunners.
Application has been made to list the bonds on the Stock Exchange of Hong Kong Ltd.
China-based Avic is a group of companies engaged in the aviation and defense industries, among others. development.
| Issuer: | Blue Bright Ltd.
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| Guarantor: | Avic Capital Co. Ltd.
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| Description: | Guaranteed bonds
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| Amount: | $300 million
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| Maturity: | Feb. 9, 2026
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| Bookrunners: | BOC International, China International Capital Corp., CMBC Capital, Shanghai Pudong Development Bank Hong Kong Branch, Silk Road International and Standard Chartered Bank
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| Coupon: | 2 3/8%
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| Price: | 99.841
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| Puts: | Yes, at 101
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| Announcement date: | Feb. 3
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| Issue date: | Feb. 9
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