By William Gullotti
Buffalo, N.Y., Sept. 16 – China’s Wuxing City Investment HK Co., Ltd. announced an application to list $200 million of 2.05% credit enhanced guaranteed bonds due 2024, according to a notice Thursday.
The bonds are guaranteed by Huzhou Wuxing City Investment Development Group Co., Ltd. and feature an irrevocable standby letter of credit issued by Bank of Shanghai Co., Ltd., Hangzhou Branch.
Fosun Hani, BOSC International, China Industrial Securities International and Dongxing Securities (Hong Kong) are the joint global coordinators, joint lead managers and joint bookrunners for the offering.
Also serving as joint lead managers and joint bookrunners are Shanghai Pudong Development Bank Hong Kong Branch, Luso Bank Ltd., CNCB Capital and Harmonia Capital Ltd.
The Regulation S bonds are expected to be listed on the Stock Exchange of Hong Kong Ltd. effective Sept. 17.
The issuer builds infrastructure for telecommunications, transportation, energy, utility and other fields.
| Issuer: | Wuxing City Investment HK Co., Ltd.
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| Guarantor: | Huzhou Wuxing City Investment Development Group Co., Ltd.
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| Issue: | Credit enhanced guaranteed bonds
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| Amount: | $200 million
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| Maturity: | 2024
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| Bookrunners: | Fosun Hani, BOSC International, China Industrial Securities International, Dongxing Securities (Hong Kong), Shanghai Pudong Development Bank Hong Kong Branch, Luso Bank Ltd., CNCB Capital and Harmonia Capital Ltd.
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| Coupon: | 2.05%
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| Pricing date: | Sept. 10
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| Listing date: | Sept. 17
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| Distribution: | Regulation S
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