Chicago, Oct. 14 – Xinyun International Co. Ltd. issued €50 million 4.1% credit-enhanced bonds due 2025, according to an offering circular.
There was no discount.
The bonds are guaranteed by Changzhou Xinyun Urban Development Group Co., Ltd.
They also have benefit of an irrevocable standby letter of credit issued by Bank of Jiangsu Co., Ltd. Changzhou Branch.
Fosun Hani and Donghai International are the joint global coordinators, joint lead managers and joint bookrunners.
Joining as joint lead managers and joint bookrunners were Huatai International, CEB International, China Zheshang Bank Co., Ltd. (Hong Kong Branch), Citic Securities, Wilson Securities, Carnegie Hill Capital Partners Ltd. and Huafu International.
Proceeds will be used for project construction and replenishment of the group’s working capital.
The group is a leading investment, financing and operating platform for urban and industrial development in Changzhou, Jiangsu Province.
| Issuer: | Xinyun International Co. Ltd.
|
| Guarantor: | Changzhou Xinyun Urban Development Group Co., Ltd.
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| Amount: | €50 million
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| Issue: | Credit-enhanced bonds
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| Maturity: | Oct. 12, 2025
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| Bookrunners: | Fosun Hani, Donghai International, Huatai International, CEB International, China Zheshang Bank Co., Ltd. (Hong Kong Branch), Citic Securities, Wilson Securities, Carnegie Hill Capital Partners Ltd. and Huafu International
|
| Trustee: | China Construction Bank (Asia) Corp. Ltd.
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| Coupon: | 4.1%
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| Price: | Par
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| Yield: | 4.1%
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| Change of control: | At par
|
| Trade date: | Sept. 28
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| Settlement date: | Oct. 12
|
| Distribution: | Regulation S
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| ISIN: | XS2536390839
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