Published on 7/18/2019 in the Prospect News Emerging Markets Daily.
New Issue: Guangzhou Development unit sells $500 million 3¾% bonds due 2022
By Wendy Van Sickle
Columbus, Ohio, July 18 – Guangzhou Development District Financial Holdings Group Co., Ltd. priced $500 million of 3¾% bonds (Baa1//) due 2022, according to a listing application with the Stock Exchange of Hong Kong Ltd.
The notes were issued through the company’s Get International Investment Holdings Ltd. subsidiary.
Guotai Junan International, Bank of China and CMB Wing Lung Bank Ltd. were the global coordinators and were joined as bookrunners and lead arrangers by ABC International Bank of Communications, Barclays, China Industrial Securities International, DBS Bank Ltd., Haitong International, Industrial Bank Co., Ltd. Hong Kong Branch and OCBC Bank.
The company produces and sells electricity in Guangzhou, China.
| Issuer: | Get International Investment Holdings Ltd.
|
| Guarantor: | Guangzhou Development District Financial Holdings Group Co., Ltd.
|
| Issue: | Senior notes
|
| Amount: | $500 million
|
| Maturity: | 2022
|
| Bookrunners: | Guotai Junan International, Bank of China, CMB Wing Lung Bank Ltd. (global coordinators), ABC International Bank of Communications, Barclays, China Industrial Securities International, DBS Bank Ltd., Haitong International, Industrial Bank Co., Ltd. Hong Kong Branch and OCBC Bank
|
| Coupon: | 3¾%
|
| Expected listing date: | July 19
|
| Rating: | Moody’s: Baa1
|
| Distribution: | Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
