Published on 1/21/2021 in the Prospect News Emerging Markets Daily.
New Issue: Longchuang Group prices $97 million 2¾% credit-enhanced guaranteed bonds due 2022
By Taylor Fox
New York, Jan. 21 – China’s Longchuang Group Ltd. issued $97 million of 2¾% credit-enhanced guaranteed bonds due Jan. 20, 2022, according to a market listing.
CMBC Securities Co. Ltd., Shanghai Pudong Development Bank Co., Ltd. Hong Kong Branch, China Everbright Bank Co., Ltd., Hong Kong Branch, Luso International Banking Ltd., Central Wealth Securities Investment Ltd., China Industrial Securities International Brokerage Ltd., Zhongtai International Securities Ltd. and Huatai Financial Holdings (Hong Kong) Ltd. are the lead managers and bookrunners.
Longchuang Group is an energy technology company based in Shanghai.
| Issuer: | Longchuang Group Ltd.
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| Issue: | Credit-enhanced guaranteed bond
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| Amount: | $97 million
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| Maturity: | Jan. 20, 2022
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| Bookrunners: | CMBC Securities Co. Ltd., Shanghai Pudong Development Bank Co., Ltd. Hong Kong Branch, China Everbright Bank Co., Ltd., Hong Kong Branch, Luso International Banking Ltd., Central Wealth Securities Investment Ltd., China Industrial Securities International Brokerage Ltd., Zhongtai International Securities Ltd. and Huatai Financial Holdings (Hong Kong) Ltd.
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| Coupon: | 2¾%
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| Settlement date: | Jan. 21
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| Listing date: | Jan. 22
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