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Published on 12/4/2019 in the Prospect News Emerging Markets Daily.

New Issue: China’s Hangzhou Linjiang unit sells $300 million 5.3% notes due 2022

By Sarah Lizee

Olympia, Wash., Dec. 4 – Hangzhou Linjiang Investment Development Co. Ltd. subsidiary Linjiang Investment and Development (BVI) Co., Ltd. sold $300 million of 5.3% guaranteed notes due 2022, according to a notice of listing on the Stock Exchange of Hong Kong Ltd.

The notes will be guaranteed by Hangzhou Linjiang Investment Development.

Fosun Hani, Bank of China Dongxing Securities (Hong Kong) and Zhongtai International are the joint bookrunners and joint lead managers, with Fosun the global coordinator. Hua Xia Bank and China Zheshang Bank are joint lead managers in relation to People’s Republic of China matters only.

Listing is expected for Thursday.

Hangzhou Linjiang Investment Development operates ports and harbors. It is based in Hangzhou, China.

Issuer:Linjiang Investment and Development (BVI) Co., Ltd.
Guarantor:Hangzhou Linjiang Investment Development Co. Ltd.
Issue:Guaranteed notes
Amount:$300 million
Maturity:2022
Bookrunners:Fosun Hani (global coordinator), Bank of China Dongxing Securities (Hong Kong) and Zhongtai International
Joint lead managers:Hua Xia Bank and China Zheshang Bank PRC
Coupon:5.3%
Listing date:Dec. 5
Distribution:Regulation S

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