New Issue: China’s Weihai Huantong prices RMB 400.5 million more 7˝% notes due 2027 at par

By William Gullotti

Buffalo, N.Y., April 24 – Weihai Huantong Industrial Investment Group Co., Ltd. priced an additional RMB 400.5 million of 7˝% notes due 2027 at par, according to a listing notice and an offering circular on Wednesday.

The tap issue will be consolidated with the initial RMB 581 million issued on March 18 to form a single series, under the same indenture.

CEB International, Golden Rich Securities, Yunrui Securities Ltd., China Galaxy International, Haitong International, Fortune (HK) Securities Ltd., Shenwan Hongyuan (H.K.), CNI Securities Group Ltd., Yuan Tong Global Securities, First Fidelity Capital, Tung Yat Securities Ltd., Fortune Origin Securities Ltd., Orient Securities Ltd., ICD Securities and TF International are the joint lead managers and joint bookrunners for the offering, with CEB and Golden Rich also serving as joint global coordinators.

As with the initial offering, proceeds will be used for project construction and to replenish working capital.

The additional Regulation S notes will be listed under a temporary ISIN on the Chongwa (Macao) Exchange effective April 24.

The issuer is an investment and financing platform in Weihai City’s Huancui District, located in China’s Shandong Province.

Issuer:	Weihai Huantong Industrial Investment Group Co., Ltd.
Amount:	RMB 400.5 million, add-on
Issue:	Notes
Maturity:	March 18, 2027
Bookrunners:	CEB International, Golden Rich Securities, Yunrui Securities Ltd., China Galaxy International, Haitong International, Fortune (HK) Securities Ltd., Shenwan Hongyuan (H.K.), CNI Securities Group Ltd., Yuan Tong Global Securities, First Fidelity Capital, Tung Yat Securities Ltd., Fortune Origin Securities Ltd., Orient Securities Ltd., ICD Securities and TF International
Trustee:	CMB Wing Lung (Trustee) Ltd.
Counsel to underwriters:	Clifford Chance (England, Hong Kong), Beijing DeHeng Law Offices (China)
Coupon:	7˝%
Price:	Par, plus accrued and unpaid interest from March 18
Yield:	7˝%
Call:	For taxation reasons at par plus interest
Puts:	At 101 plus interest for a change of control; at par plus interest for a no-registration event
Pricing date:	April 16
Issue date:	April 23
Listing date:	April 24
Distribution:	Regulation S
ISINs:	XS2803405534 (temporary), XS2733407006
Total issue:	RMB 981.5 million, including initial RMB 581 million issued March 18

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