Chicago, Sept. 19 – Tongren Energy Investment Group Ltd. sold $62 million of 6% bonds due 2023 at par, according to an offering circular.
Joint global coordinators, joint bookrunners and joint lead managers are AMC Wanhai Securities and Haitong International.
Proceeds will be used for general corporate purposes and for the replenishment of working capital.
The issuer is one of the predominant investment groups in Guizhou Province, with a focus on construction, sales of natural gas, charging piles and supply of electricity in Tongren City, Guizhou Province.
| Issuer: | Tongren Energy Investment Group Ltd.
|
| Amount: | $62 million
|
| Issue: | Bonds
|
| Maturity: | Sept. 15
|
| Bookrunners: | AMC Wanhai Securities and Haitong International
|
| Co-managers: | CLSA
|
| Trustee: | Bank of New York Mellon, London Branch
|
| Counsel to underwriters: | Chungs Lawyers, Guizhou Yicun Law Firm
|
| Coupon: | 6%
|
| Price: | Par
|
| Yield: | 6%
|
| Change of control: | At par
|
| Trade date: | Sept. 13
|
| Settlement date: | Sept. 16
|
| Distribution: | Regulation S
|
| ISIN: | XS2518965426
|
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