By William Gullotti
Buffalo, N.Y., Dec. 2 – Guilin ETDZ Investment Holding Co., Ltd. priced $40 million of 6.8% bonds due 2025 at par, according to a listing notice with an appended offering circular on Friday.
The Regulation S bonds may be redeemed early at par plus interest for taxation reasons. Bondholders will be able to exercise put rights at 101 plus interest for a change of control or at par plus interest if a no registration event occurs.
Guotai Junan International is the global coordinator, lead manager, bookrunner and sustainability structure adviser for the offering.
Proceeds will be used to replenish working capital and for project construction in accordance with the company’s sustainable finance framework.
The bonds are expected to be listed on the Stock Exchange of Hong Kong Ltd. on Dec. 2.
The issuer is an urban construction entity focused on land development, infrastructure construction, leasing and merchandise sales.
| Issuer: | Guilin ETDZ Investment Holding Co., Ltd.
|
| Amount: | $40 million
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| Issue: | Bonds
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| Maturity: | Dec. 1, 2025
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| Bookrunner: | Guotai Junan International
|
| Sustainability adviser: | Guotai Junan International
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| Trustee: | China Construction Bank (Asia) Corp., Ltd.
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| Counsel to issuer: | Jun He Law Offices (England), Chong Guang Law Firm (China)
|
| Counsel to underwriters: | Linklaters (England), Jingtian & Gongcheng (China)
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| Coupon: | 6.8%
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| Price: | Par
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| Yield: | 6.8%
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| Call: | For taxation reasons at par plus interest
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| Put options: | At 101 plus interest for a change of control; at par plus interest for a no registration event
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| Pricing date: | Nov. 25
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| Issue date: | Dec. 1
|
| Listing date: | Dec. 2
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| Distribution: | Regulation S
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| ISIN: | XS2556891260
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