Published on 7/28/2022 in the Prospect News Emerging Markets Daily.
New Issue: Shangcheng Urban unit sells $300 million 4½% bonds due 2023
By Marisa Wong
Los Angeles, July 28 – Hangzhou Shangcheng District Urban Construction Investment Group Co. Ltd.’s wholly owned special purpose vehicle Zhejiang Boxin (BVI) Ltd. issued $300 million of 4½% bonds due 2023 (//BBB) on Thursday, according to a Singapore Exchange notice.
Proceeds will be used for project construction and replenishing working capital, according to a Fitch rating notice.
| Issuer: | Zhejiang Boxin (BVI) Ltd.
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| Amount: | $300 million
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| Issue: | Bonds
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| Maturity: | July 27, 2023
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| Coupon: | 4½%
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| Issue date: | July 28
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| Listing date: | July 29
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| Listing: | Singapore
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| Rating: | Fitch: BBB
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| ISIN: | XS2502241412
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