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Published on 10/6/2020 in the Prospect News Emerging Markets Daily.

New Issue: China’s Shuifa sells $50 million add on to 4.3% bonds due 2023

By Rebecca Melvin

New York, Oct. 6 – Shuifa Group Co., Ltd. subsidiary Shuifa International Holdings (BVI) Co., Ltd. sold $50 million additional 4.3% guaranteed bonds due 2023, according to a notice of listing with the Stock Exchange of Hong Kong Ltd.

The notes, which are guaranteed by Shuifa Group, will be consolidated to form a single series with $350 million of the notes priced earlier this year.

Guotai Junan International, China International Capital Corp. and China Securities International are joint lead managers and joint bookrunners of the issue.

Listing is expected on Wednesday.

Shuifa Group is a water supply company based in the Shandong province of China.

Issuer:Shuifa International Holdings (BVI) Co., Ltd.
Guarantor:Shuifa Group Co., Ltd.
Issue:Guaranteed bonds
Amount:$50 million
Maturity:2023
Bookrunners:Guotai Junan International, China International Capital Corp., and China Securities International
Coupon:4.3%
Listing date:Oct. 7
Distribution:Regulation S
Total deal size:$400 million

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