Published on 11/19/2020 in the Prospect News Emerging Markets Daily.
New Issue: China’s Shandong Hi-Speed prices $400 million 2.437% bonds due 2023
By Cady Vishniac
Detroit, Nov. 19 – Shandong Hi-Speed Group (Hong Kong) Co., Ltd., the Hong Kong subsidiary of China Shandong Hi-Speed Financial Group Ltd., has priced $400 million 2.437% bonds due 2023 (ISIN: XS2258259808), according to a notice.
Shanghai Pudong Development Co., Ltd., Hong Kong Branch, Bank of China Ltd., China International Capital Corp. Hong Kong Securities Ltd., Standard Chartered Bank, Citigroup Global Markets Ltd., Haitong International Securities Co. Ltd., CLSA Ltd., Huatai Financial Holdings (Hong Kong) Ltd., Zhongtai International Securities Ltd., Industrial and Commercial Bank of China (Asia) Ltd., Bocom International Securities Ltd., GF Securities (Hong Kong) Brokerage Ltd. and CSFG International Securities Ltd. were lead managers and bookrunners on the Regulation S deal.
Proceeds, according to Fitch Ratings, will be used for refinancing and general corporate purposes.
China Shandong Hi-Speed is an investment holding company based in Hong Kong.
Issuer: | Shandong Hi-Speed Group (Hong Kong) Co., Ltd.
|
Issue: | Bonds
|
Amount: | $400 million
|
Maturity: | 2023
|
Agent: | Bank of Communications Co., Ltd. Hong Kong Branch
|
Bookrunners: | Shanghai Pudong Development Co., Ltd., Hong Kong Branch, Bank of China Ltd., China International Capital Corp. Hong Kong Securities Ltd., Standard Chartered Bank, Citigroup Global Markets Ltd., Haitong International Securities Co. Ltd., CLSA Ltd., Huatai Financial Holdings (Hong Kong) Ltd., Zhongtai International Securities Ltd., Industrial and Commercial Bank of China (Asia) Ltd., Bocom International Securities Ltd., GF Securities (Hong Kong) Brokerage Ltd. and CSFG International Securities Ltd.
|
Coupon: | 2.437%
|
Issue date: | Nov. 19
|
Listing date: | Nov. 20
|
Ratings: | Moody’s: Baa1
|
| Fitch: A
|
Distribution: | Regulation S
|
|
© 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.