By Sarah Lizee
Olympia, Wash., Oct. 17 – Shandong Shipping Corp. subsidiary SDSC International Development Ltd. sold $200 million of 5.9% guaranteed bonds due 2022, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.
The bonds are guaranteed by Shandong Shipping.
BOC International, Industrial Bank Co., Ltd. Hong Kong Branch, Zhongtai International, China International Capital Corp., TF International and Central Wealth Securities Investment Ltd. are the joint bookrunners and joint lead managers, with BOC and Industrial Bank as global coordinators.
Listing is expected for Friday.
The shipping company is based in Qingdao, China.
| Issuer: | SDSC International Development Ltd.
|
| Guarantor: | Shandong Shipping Corp.
|
| Issue: | Bonds
|
| Amount: | $200 million
|
| Maturity: | 2022
|
| Bookrunners: | BOC International, Industrial Bank Co., Ltd. Hong Kong Branch, Zhongtai International, China International Capital Corp., TF International and Central Wealth Securities Investment Ltd.
|
| Coupon: | 5.9%
|
| Announcement date: | Oct. 17
|
| Listing date: | Oct. 18
|
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