By Rebecca Melvin
New York, Jan. 27 – Huan Zhi Co. Ltd. sold $50 million of 2.4% credit enhanced bonds due 2022, according to a company announcement.
The bonds are guaranteed by Taixing Zhiguang Environmental Protection Technology Co. Ltd. with a standby letter of credit issued by Bank of Jiangsu Co. Ltd. Taizhou Branch.
The placing agents are Guoyuan Capital, China Industrial Securities International, Shongtai International, Shanghai Pudong Development Bank Hong Kong Branch, Fosun Hani, Central Wealth Securities Investment Ltd., Donghai International and Dongxing Securities (Hong Kong).
The bonds are expected to be listed on the Stock Exchange of Hong Kong Ltd. on Thursday.
The China-based company makes measuring equipment for the marine and medical sectors, among others.
| Issuer: | Huan Zhi Co. Ltd.
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| Guarantor: | Taixing Zhiguang Environmental Protection Technology Co. Ltd.
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| Amount: | $50 million
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| Description: | Credit enhanced bonds
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| Maturity: | 2022
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| Placing agents: | Guoyuan Capital, China Industrial Securities International, Shongtai International, Shanghai Pudong Development Bank Hong Kong Branch, Fosun Hani, Central Wealth Securities Investment Ltd., Donghai International and Dongxing Securities (Hong Kong).
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| Coupon: | 2.4%
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| Announcement date: | Jan. 27
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| Listing date: | Jan. 28
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