By Taylor Fox
New York, Dec. 1 – Jingjiang Port (Group) Co., Ltd. plans to list $50 million 2.78% credit enhanced bonds due 2021 on the stock exchange of Hong King Ltd, according to a company announcement.
The notes have the benefit of a standby letter of credit issued by Bank of Jiangsu Co., Ltd. Taizhou Branch.
Guoyuan Capital, Fosun Hani, China Industrial Securities International, Shanghai Pudong Development Bank Hong Kong Branch, Silk Road International and CMBC Capital are the placing agents.
The listing is expected to become effective on Dec. 1.
The company wholesales and distributes cements, coals, steels, grains and more and is located in China.
| Issuer: | Jingjiang Port (Group) Co., Ltd.
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| Letter of credit issuer: | Bank of Jiangsu Co., Ltd. Taizhou Branch
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| Issue: | Credit enhanced bonds
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| Amount: | $50 million
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| Maturity: | 2021
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| Agents: | Guoyuan Capital, Fosun Hani, China Industrial Securities International, Shanghai Pudong Development Bank Hong Kong Branch, Silk Road International and CMBC Capital
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| Coupon: | 2.78%
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| Listing date: | Dec. 1
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