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Published on 2/21/2020 in the Prospect News Emerging Markets Daily.

New Issue: China Huarong subsidiary issues $200 million 3.1% notes due 2021

By Wendy Van Sickle

Columbus, Ohio, Feb. 21 – Avenue International Holding Ltd. priced $200 million of 3.1% notes due 2021, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.

China Huarong Financial Leasing Co., Ltd. has provided a keepwell and asset purchase deed for the notes.

The joint global coordinators, bookrunners and lead managers are Standard Chartered Bank, ANZ, BNP Paribas, CMB International and Haitong International.

China Huarong provides financial leasing services and is based in Hangzhou, China.

Issuer:Avenue International Holding Ltd.
Keepwell provider:China Huarong Financial Leasing Co., Ltd.
Issue:Notes
Amount:$200 million
Maturity:2021
Bookrunners:Standard Chartered Bank, ANZ, BNP Paribas, CMB International and Haitong International
Coupon:3.1%
Pricing date:Feb. 21

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