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Published on 10/9/2020 in the Prospect News Emerging Markets Daily.

New Issue: Nantong Sanjian prices $180.96 million 10% notes due 2022

By Rebecca Melvin

New York, Oct. 9 – Nantong Sanjian Overseas Co., Ltd. has priced a $180.96 million issue of 10% guaranteed senior notes due 2022, according to a Singapore Stock Exchange listing notice.

Admiralty Harbour Capital Ltd. and Guotai Junan Securities (Hong Kong) Ltd. are bookrunners of the Regulation S issue.

Pricing occurred at initially talked terms. Listing will take effect on Monday.

As previously reported, the issuance is not part of a concurrent exchange offer, but an exchange offer is conditioned upon the new money issuance.

The private construction company in China is based in Hong Kong.

Issuer:Nantong Sanjian Overseas Co. Ltd.
Issue:Notes
Amount:$180.96 million
Maturity:2022
Bookrunners:Admiralty Harbour Capital Ltd. and Guotai Junan Securities (Hong Kong) Ltd.
Coupon:10%
Issue date:Oct. 9
Listing date:Oct. 12
Distribution:Regulation S

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