Chicago, Nov. 29 – Luheng International Co., Ltd. sold $52 million 2.9% credit-enhanced bonds due 2024 at par, according to an offering memorandum.
The bonds are guaranteed by Zibo Zichuan Finance Holding Co., Ltd.
The bonds also benefit from an irrevocable standby letter of credit issued by Bank of Qingdao Co. Ltd. Zibo Branch.
The placing agents for the Regulation S bonds are Fosun Hani, China Zheshang Bank Co., Ltd. (Hong Kong Branch), Harmonia Capital Ltd. and Wilson Securities.
Proceeds will be used for construction projects in relation to Zichuan Biomedical Industrial Park.
The issuer is the primary investment and infrastructure construction platform as well as the core entity to undertake water supply, heat supply, environmental services and municipal operation in the Zichuan District of Zibo City.
| Issuer: | Luheng International Co., Ltd.
|
| Guarantor: | Zibo Zichuan Finance Holding Co., Ltd.
|
| Amount: | $52 million
|
| Issue: | Credit-enhanced bonds
|
| Maturity: | Nov. 24, 2024
|
| Agents: | Fosun Hani, China Zheshang Bank Co., Ltd. (Hong Kong Branch), Harmonia Capital Ltd. and Wilson Securities
|
| Trustee: | China Construction Bank (Asia) Corp. Ltd.
|
| Counsel to bookrunners: | Fangda Partners, Jingtian & Gongcheng and Ogier
|
| Coupon: | 2.9%
|
| Price: | Par
|
| Yield: | 2.9%
|
| Change of control: | At par
|
| Trade date: | Nov. 22
|
| Settlement date: | Nov. 24
|
| Distribution: | Regulation S
|
| ISIN: | XS2405328910
|
|
|
© 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.
