By William Gullotti
Buffalo, N.Y., Jan. 30 – Luoyang Guoyuan Investment Holding Group Co., Ltd. sold RMB 136.6 million of 7% bonds due 2027 at par, according to a listing notice and an offering circular on Tuesday.
Golden Rich Securities, Shenwan Hongyuan (H.K.), China Credit International Securities, Haitong International and Bocom International are the joint lead managers and joint bookrunners for the offering, with Golden Rich, Shenwan and China Credit also serving as joint global coordinators.
Proceeds will be used to finance construction projects and for replenishing working capital.
Listing for the Regulation S bonds is expected on the Chongwa (Macao) Exchange effective Jan. 30.
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 136.6 million
|
| Issue: | Bonds
|
| Maturity: | Jan. 26, 2027
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| Bookrunners: | Golden Rich Securities, Shenwan Hongyuan (H.K.), China Credit International Securities, Haitong International and Bocom International
|
| Trustee: | China Construction Bank (Asia) Corp., Ltd.
|
| Counsel to issuer: | Hunan Jin Hou Law Firm (China)
|
| Counsel to underwriters: | DeHeng Law Offices (Hong Kong) LLP (England, Hong Kong), Hunan Senli Law Firm (China)
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| Coupon: | 7%
|
| Price: | Par
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| Yield: | 7%
|
| Call: | For taxation reasons at par
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| Puts: | At 101 for a change of control; at par for a no registration event
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| Pricing date: | Jan. 23
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| Issue date: | Jan. 26
|
| Listing date: | Jan. 30
|
| Distribution: | Regulation S
|
| ISIN: | XS2756142548
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