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Published on 3/17/2020 in the Prospect News Emerging Markets Daily.

New Issue: Zhuzhou Economic Development Group lists $200 million 4½% bonds due 2023

By Rebecca Melvin

New York, March 17 – Zhuzhou Economic Development Group Co. Ltd. has sold $200 million 4½% three-year guaranteed bonds with listing on the Hong Kong Stock Exchange on Wednesday, according to a notice.

The notes were issued by Huantaihu International Investment Co. Ltd.

China International Capital Corp., China Securities International, Industrial Bank Co. Ltd. Hong Kong Branch, CMBC Capital and Shanghai Pudong Development Bank Hong Kong Branch were the bookrunners for the Regulation S deal.

China International Capital was the global coordinator.

The issuer is a provider of engineering contracting services based in Hong Kong.

Issuer:Huantaihu International Investment Co. Ltd.
Guarantor:Zhuzhou Economic Development Group Co. Ltd.
Amount:$200 million
Maturity:2023
Description:Guaranteed bonds
Global coordinator:China International Capital Corp.
Bookrunners:China International Capital Corp., China Securities International, Industrial Bank Co. Ltd. Hong Kong Branch, CMBC Capital and Shanghai Pudong Development Bank Hong Kong Branch
Coupon:4½%
Listing date:March 18
Distribution:Regulation S

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