Published on 8/24/2021 in the Prospect News Emerging Markets Daily.
New Issue: China’s Hangzhou Fuyang sells $328 million 3.2% five-year note at par
By Devika Patel
Knoxville, Tenn., Aug. 24 – Hangzhou Fuyang City Construction Investment Group Co., Ltd. subsidiary Hangzhou Fuyang Chengtou Group (HK) Ltd. issued $328 million of 3.72 notes due 2026 at par on June 22, according to an announcement.
The notes are guaranteed by the parent.
China International Capital Corp., Industrial Bank Co., Ltd., Hong Kong branch, Shanghai Pudong Development Bank, Hong Kong branch, Bocom International, CMB Wing Lung Bank Ltd., China Everbright Bank, Hong Kong branch and CMBC Capital were the joint lead managers and joint bookrunners.
The investment company is based in Fuyang, China.
Issuer: | Hangzhou Fuyang Chengtou Group (HK) Ltd.
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Guarantor: | Hangzhou Fuyang City Construction Investment Group Co., Ltd.
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Issue: | Notes
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Amount: | $328 million
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Bookrunners: | China International Capital Corp., Industrial Bank Co., Ltd., Hong Kong branch, Shanghai Pudong Development Bank, Hong Kong branch, Bocom International, CMB Wing Lung Bank Ltd., China Everbright Bank, Hong Kong branch and CMBC Capital
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Maturity: | 2026
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Coupon: | 3.2%
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Price: | Par
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Settlement date: | June 22
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