By Rebecca Melvin
New York, Feb. 25 – Kunming Industrial Development & Investment Co. Ltd. sold $300 million of 6.1% notes due 2023, according to a Stock Exchange of Hong Kong listing notice.
The notes are to be issued by Hong Kong JY Flower Ltd. and guaranteed by Kunming, with a listing expected to become effective on Wednesday.
Guotai Junan International and Industrial Bank Co. Ltd. Hong Kong Branch are the joint lead managers and joint bookrunners.
The company provides project investment, investment management and other services associated with infrastructure construction services in the Kunming district of China.
Issuer: | Hong Kong JY Flower Ltd.
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Guarantor: | Kunming Industrial Development & Investment Co., Ltd.
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Issue: | Notes
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Amount: | $300 million
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Maturity: | 2023
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Bookrunners: | Guotai Junan International and Industrial Bank Co. Ltd. Hong Kong Branch
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Coupon: | 6.1%
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Announcement date: | Feb. 25
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Listing date: | Feb. 26
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