Chicago, Dec. 1 – Chanfa International (HK) Co., Ltd. sold $100 million of 4˝% one-year guaranteed bonds, according to an offering circular.
The bonds are guaranteed by Jinan Industry Development Investment Group Co., Ltd.
The bonds will not be rated.
The joint global coordinators, joint lead managers and joint bookrunners are Guotai Junan International, Central Wealth Securities Investment Ltd., CLSA, Zhongtai International and Shenwan Hongyuan (H.K.).
The joint lead managers and joint bookrunners for the Regulation S issue are China Zheshang Bank Co., Ltd. (Hong Kong Branch) and Orient Securities (Hong Kong).
Proceeds will be used for project construction, replenishing working capital and general corporate purposes.
The group is a municipal-level state-owned enterprise positioned by the Jinan Municipal Government as the entity responsible for strategically investing in the economic development of Jinan.
| Issuer: | Chanfa International (HK) Co., Ltd.
|
| Guarantor: | Jinan Industry Development Investment Group Co., Ltd.
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| Amount: | $100 million
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| Issue: | Guaranteed bonds
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| Maturity: | Nov. 25, 2022
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| Bookrunners: | Guotai Junan International, Central Wealth Securities Investment Ltd., CLSA, Zhongtai International, Shenwan Hongyuan (H.K.), China Zheshang Bank Co., Ltd. (Hong Kong Branch) and Orient Securities (Hong Kong)
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| Trustee: | China Construction Bank (Asia) Corp. Ltd.
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| Counsel to issuer: | Herbert Smith Freehills, Grandall Law Firm (Jinan)
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| Counsel to bookrunners: | King & Wood Mallesons, Jincheng Tongda & Neal
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| Coupon: | 4˝%
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| Price: | Par
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| Yield: | 4˝%
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| Trade date: | Nov. 22
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| Settlement date: | Nov. 26
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| Distribution: | Regulation S
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