By William Gullotti
Buffalo, N.Y., Dec. 18 – Luoyang Guoyuan Investment Holding Group Co., Ltd. sold RMB 198 million of 7% bonds due 2026 at par, according to a listing notice and an offering circular on Monday.
Fortune Origin Securities, China Galaxy International, Sino Opulence and Excellent Tide are the joint lead managers and joint bookrunners for the offering, with Fortune Origin and China Galaxy also serving as joint global coordinators.
Proceeds will be used to finance construction projects and for replenishing working capital.
Listing for the bonds is expected on the Chongwa (Macao) Exchange effective Dec. 18.
The group is the core operating entity for infrastructure construction and affordable housing construction in the Jianxi District of Luoyang City, located in China’s Henan Province.
| Issuer: | Luoyang Guoyuan Investment Holding Group Co., Ltd.
|
| Amount: | RMB 198 million
|
| Issue: | Bonds
|
| Maturity: | Dec. 15, 2026
|
| Bookrunners: | Fortune Origin Securities, China Galaxy International, Sino Opulence and Excellent Tide
|
| Trustee: | China Construction Bank (Asia) Corp., Ltd.
|
| Counsel to issuer: | K&H Law Firm (China)
|
| Counsel to underwriters: | DeHeng Law Offices (Hong Kong) LLP (England, Hong Kong), Tahota (Hangzhou) Law Firm (China)
|
| Coupon: | 7%
|
| Price: | Par
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| Yield: | 7%
|
| Call: | Non-callable
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| Change of control: | At 101
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| Pricing date: | Dec. 13
|
| Issue date: | Dec. 15
|
| Listing date: | Dec. 18
|
| Distribution: | Regulation S
|
| ISIN: | XS2728394920
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