By Wendy Van Sickle
Columbus, Ohio, Feb. 19 – Huarong Leasing Management Hong Kong Co., Ltd. priced a $40 million add-on to its 1.9% notes due 2022, according to a listing notice with the Stock Exchange of Hong Kong Ltd.
The notes will be consolidated and form a single series with the $300 million of notes issued by the company on Jan. 14.
The notes have the benefit of a keepwell and asset purchase deed provided by China Huarong Financial Leasing Co., Ltd.
Standard Chartered Bank, BNP Paribas, Bank of China, CMB International and Haitong International are the global coordinators for the Regulation S deal and are joined as bookrunners and lead managers by Huarong International Securities Ltd., China International Capital Corp., China Minsheng Banking Corp., Ltd., Hong Kong Branch, CMB Wing Lung Bank Ltd. and CTBC Bank.
Based in Beijing, the company provides services to customers in high-end equipment, infrastructure, transportation, logistics, information technology and other fields.
| Issuer: | Huarong Leasing Management Hong Kong Co., Ltd.
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| Guarantor: | China Huarong International Holdings Ltd.
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| Issue: | Notes
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| Amount: | $40 million add-on
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| Maturity: | 2022
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| Bookrunners: | Standard Chartered Bank, BNP Paribas, Bank of China, CMB International and Haitong International (global coordinators) and Huarong International Securities Ltd., China International Capital Corp., China Minsheng Banking Corp., Ltd., Hong Kong Branch, CMB Wing Lung Bank Ltd. and CTBC Bank
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| Coupon: | 1.9%
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| Pricing date: | Feb. 10
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| Listing date: | Feb. 22
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| Distribution: | Regulation S
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| Original issue: | $300 million issued on Jan. 14
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