By Rebecca Melvin
New York, Oct. 9 – Hong Kong JY Flower Ltd. has issued $150 million 5½% bonds due 2023, guaranteed by Kunming Industrial Development & Investment Co. Ltd., according to a Hong Kong stock exchange listing notice.
The notes were sold via joint bookrunners Guotai Junan International and CMB Capital.
The listing is expected to become effective on Oct. 12.
The infrastructure construction services company is based in Kunming, Yunnan, China.
| Issuer: | Hong Kong JY Flower Ltd.
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| Guarantor: | Kunming Industrial Development Co. Ltd.
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| Issuer: | Bonds
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| Amount: | $150 million
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| Maturity: | 2023
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| Coupon: | 5½%
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| Bookrunners: | Guotai Junan International and CMBC Capital
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| Listing announcement: | Oct. 9
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| Listing: | Oct. 12
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