New Issue: Zhenjiang Cultural Tourism sells $230 million of 7½% bonds due 2022

By Sarah Lizee

Olympia, Wash., Nov. 25 – China’s Zhenjiang Cultural Tourism Industry Group Co., Ltd. priced $230 million of 7½% bonds due 2022, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.

Hung Sing Securities Ltd., Haitong International, Guotai Junan International, China Citic Bank International, Industrial Bank Co., Ltd. Hong Kong Branch, Thor Asset Management, CMBC and Capital Orient Securities (Hong Kong) are the joint lead managers and joint bookrunners, with Hung Sing, Haitong, Guotai Junan and China Citic as joint global coordinators.

Listing was expected for Nov. 25.

The travel services company is based in Zhenjiang, China.

Issuer:	Zhenjiang Cultural Tourism Industry Group Co., Ltd.
Issue:	Bonds
Amount:	$230 million
Maturity:	2022
Bookrunners:	Hung Sing Securities Ltd., Haitong International, Guotai Junan International, China Citic Bank International (joint global coordinators), Industrial Bank Co., Ltd. Hong Kong Branch, Thor Asset Management, CMBC and Capital Orient Securities (Hong Kong)
Coupon:	7½%
Announcement date:	Nov. 22
Listing date:	Nov. 25

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.