By Mary-Katherine Stinson
Lexington, Ky., Nov. 8 – Huzhou Moganshan High-tech Group Co., Ltd. priced RMB 375 million of 4.48% notes due 2025, according to an offering document.
The notes priced at par.
Huatai International, China Securities International, China International Capital Corp. and Haitong International were listed as joint global coordinators, joint bookrunners and joint lead managers.
BOSC International, China Zheshang Bank Co., Ltd. (Hong Kong Branch), Industrial Bank Co., Ltd. Hong Kong Branch were listed as joint bookrunners and joint lead managers.
Proceeds will be used for project construction and the replenishment of working capital.
Founded in 2018 and operating in the public services sector, the company is primarily involved in real estate and urban infrastructure construction and asset management in the MHTZ. The company is wholly owned by the MHTZ Management Committee, an organ of the Huzhou Municipal People’s Government.
| Issuer: | Huzhou Moganshan High-tech Group Co., Ltd.
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| Issue: | Notes
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| Amount: | RMB 375 million
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| Maturity: | Nov. 8, 2025
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| Bookrunners: | Huatai International, China Securities International, China International Capital Corp., Haitong International (joint global coordinators), BOSC International, China Zheshang Bank Co., Ltd. (Hong Kong Branch), Industrial Bank Co., Ltd. Hong Kong Branch
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| Coupon: | 4.48%
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| Price: | Par
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| Yield: | 4.48%
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| Call: | Non-callable
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| Change of control: | At 101
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| Pricing date: | Nov. 2
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| Issue date: | Nov. 8
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| Listing date: | Nov. 9
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| ISIN: | SGXT21759152
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