By William Gullotti
Buffalo, N.Y., July 29 – Nanchang Jinkai Group Co., Ltd. sold $225 million of 3.45% credit-enhanced bonds due 2024, according to a listing notice Thursday.
The bonds have the benefit of an irrevocable standby letter of credit issued by Bank of Jiujiang Co., Ltd.
ICBC International, Dongxing Securities (Hong Kong) and Fosun Hani are the joint global coordinators, joint lead managers and joint bookrunners.
Also serving as joint lead managers and joint bookrunners are Bank of China, Wilson Securities, CNCB Capital, TF International and SPDB International.
The listing for the Regulation S bonds is expected to be effective July 30.
The company builds resettlement houses, water canals and science and technology industrial parks and is based in Nanchang, China.
| Issuer: | Nanchang Jinkai Group Co., Ltd.
|
| Letter-of-credit issuer: | Bank of Jiujiang Co., Ltd.
|
| Issue: | Credit-enhanced bonds
|
| Amount: | $225 million
|
| Maturity: | 2024
|
| Bookrunners: | ICBC International, Dongxing Securities (Hong Kong), Fosun Hani, Bank of China, Wilson Securities, CNCB Capital, TF International and SPDB International
|
| Coupon: | 3.45%
|
| Pricing date: | July 23
|
| Listing date: | July 30
|
| Distribution: | Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
