By William Gullotti
Buffalo, N.Y., June 6 – Bijie Shengfeng Agricultural Development Co., Ltd. priced $40 million of 4.9% bonds due 2024 at par, according to a listing notice with an appended offering circular on Tuesday.
Haitong International is the placing agent for the Regulation S bonds.
Proceeds will be used for general corporate purposes which include, but are not limited to, developing the company’s trading business and increasing registered capital of its subsidiaries.
Application will be made to list the bonds on the Hong Kong Exchange.
Based in China’s Bijie City, the issuer serves the dual purposes of supporting social and economic development in the city as well as achieving business growth.
Issuer: | Bijie Shengfeng Agricultural Development Co., Ltd.
|
Amount: | $40 million
|
Issue: | Bonds
|
Maturity: | June 3, 2024
|
Placing agent: | Haitong International
|
Trustee: | China Construction Bank (Asia) Corp., Ltd.
|
Counsel to issuer: | DeHeng Law Offices (Hong Kong) LLP (England)
|
Counsel to agent: | Jun He Law Offices (England), Jingtian & Gongcheng (China)
|
Coupon: | 4.9%
|
Price: | Par
|
Yield: | 4.9%
|
Call option: | For taxation reasons in whole, but not in part, at par plus interest
|
Put options: | At 101 plus interest upon change of control; at par plus interest if no-registration event occurs
|
Pricing date: | May 24
|
Issue date: | June 5
|
Distribution: | Regulation S
|
ISIN: | XS2602746351
|
|
© 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.