By Rebecca Melvin
Concord, N.H., March 23 – Binjiang Guotou Ltd. issued $81 million 6% bonds due 2025, which are guaranteed by Taizhou Xinbinjiang Development Co. Ltd., according to an offering memo.
The notes sold at par.
China Galaxy International and Zhongtai International were global coordinators, joint lead managers and joint bookrunners. Also service as joint lead managers and joint bookrunners were Central Wealth Securities Investment Ltd., Alpine Securities, JA Securities and Tensant Securities.
Proceeds will be used to refinance existing offshore debt.
The bonds will be listed on the Stock Exchange of Hong Kong Ltd.
The real estate services provider is based in Taizhou, Jiangsu, China.
| Issuer: | Binjiang Guotou Ltd.
|
| Guarantor: | Taizhou Xinbinjiang Development Co. Ltd.
|
| Amount: | $81 million
|
| Issue: | Guaranteed bonds
|
| Maturity: | March 22, 2025
|
| Bookrunners: | China Galaxy International, Zhongtai International, Central Wealth Securities Investment Ltd., Alpine Securities, JA Securities and Tensant Securities
|
| Trustee: | Bank of New York Mellon, London Branch
|
| Coupon: | 6%
|
| Price: | Par
|
| Yield: | 6%
|
| Change of control: | Par
|
| Issue date: | March 22
|
| Distribution: | Regulation S
|
| ISIN: | XS242919564
|
|
|
© 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.
