Chicago, May 17 – Zhongrong International Bond 2019 Ltd. sold $301.41 million 7.6% guaranteed notes due 2022, according to a news release.
Bookrunners and lead managers on the deal are Haitong International Securities Co. Ltd., Industrial Bank Co., Ltd. Hong Kong Branch and Zhongrong PT Securities Ltd.
As previously reported the notes are guaranteed by Zhongrong International Holdings Ltd. The keepwell provider will be Zhongrong International Trust Co., Ltd., the keepwell provider under the existing notes.
The company was conducting an exchange for its 6.95% notes due June 21.
The new notes were expected to be issued at par with a minimum rate of 7½%.
Zhongrong International is a Hong Kong-based investment firm.
| Issuer: | Zhongrong International Bond 2019 Ltd.
|
| Guarantor: | Zhongrong International Holdings
|
| Amount: | $301.41 million
|
| Maturity: | 2022
|
| Description: | Guaranteed notes
|
| Bookrunners: | Haitong International Securities Co. Ltd., Industrial Bank Co., Ltd. Hong Kong Branch and Zhongrong PT Securities Ltd.
|
| Coupon: | 7.6%
|
| Price: | Par
|
| Yield: | 7.6%
|
| Trade date: | May 17
|
| Settlement date: | May 20
|
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