Published on 7/8/2021 in the Prospect News Emerging Markets Daily.
New Issue: China’s Kunming sells $100 million 5½% bonds due 2024
By William Gullotti
Buffalo, N.Y., July 8 – Kunming Public Rental Housing Development Construction Management Co., Ltd. sold $100 million of 5½% bonds due 2024, according to a listing notice on Thursday.
The joint global coordinators, joint lead managers and joint bookrunners for the offering are Guotai Junan International and CEB International.
They are joined by joint lead managers and joint bookrunners Bocom International, Central Wealth Securities Investment Ltd., CNCB Capital, Hua Xia Bank Co., Ltd., Hong Kong Branch and Industrial Bank Co., Ltd., Hong Kong Branch.
Listing is expected to effective July 9.
The company is engaged mainly in investment, development, operation and management of public rental housing in Kunming municipality, Yunnan province.
Issuer: | Kunming Public Rental Housing Development Construction Management Co., Ltd.
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Issue: | Bonds
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Amount: | $100 million
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Maturity: | 2024
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Bookrunners: | Guotai Junan International, CEB International, Bocom International, Central Wealth Securities Investment Ltd., CNCB Capital, Hua Xia Bank Co., Ltd., Hong Kong Branch and Industrial Bank Co., Ltd., Hong Kong Branch
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Coupon: | 5½%
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Pricing date: | June 29
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Listing date: | July 9
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