Published on 7/10/2019 in the Prospect News Emerging Markets Daily.
New Issue: China’s Tsinghua Tongfang prices $300 million notes due 2022
By Rebecca Melvin
New York, July 10 – Tongfang Aqua Ltd. priced $300 million of 6.8% bonds due 2022, according to a company release.
The notes are guaranteed by Tsinghua Tongfang Co. Ltd.
DBS Bank Ltd., UBS, CMB International, Guotai Junan International, Orient Securities (Hong Kong) and Bocom International are joint bookrunners and joint lead managers of the Regulation S deal.
The software company is based in Beijing.
| Issuer: | Tongfang Aqua Ltd.
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| Guarantor: | Tsinghua Tongfang Co. Ltd.
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| Description: | Senior notes
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| Amount: | $300 million
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| Maturity: | 2022
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| Bookrunners: | DBS Bank Ltd., UBS, CMB International, Guotai Junan International, Orient Securities (Hong Kong) and Bocom International
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| Coupon: | 6.8%
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| Listing date: | July 11
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| Distribution: | Regulation S
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