By Sarah Lizee
Olympia, Wash., Oct. 8 – Beijing Hongkun Weiye Real Estate Development Co. Ltd. subsidiary Hongkong Ideal Investment Ltd. sold $110 million of 14¾% senior notes due 2022 (//B), according to a notice of listing with the Stock Exchange of Hong Kong Ltd.
The notes are guaranteed by Beijing Hongkun.
Haitong International, Admiralty Harbour, China International Capital Corp. and China Merchants Securities (HK) are joint global coordinators as well as joint bookrunners and joint lead managers alongside Glory Sun Financial, AMTD and HK Monkey Securities Ltd.
Listing was expected for Oct. 8.
The real estate developer is based in Beijing.
Issuer: | Hongkong Ideal Investment Ltd.
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Guarantor: | Beijing Hongkun Weiye Real Estate Development Co. Ltd.
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Issue: | Senior notes
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Amount: | $110 million
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Maturity: | 2022
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Bookrunners: | Haitong International, Admiralty Harbour, China International Capital Corp., China Merchants Securities (HK), Glory Sun Financial, AMTD and HK Monkey Securities Ltd.
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Coupon: | 14¾%
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Listing date: | Oct. 8
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Rating: | Fitch: B
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Distribution: | Regulation S
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