By Wendy Van Sickle
Columbus, Ohio, July 15 – China Hongqiao Group Ltd. priced $300 million of 7 1/8% senior notes due 2022 at par, according to an announcement.
China Citic International, Barclays and Credit Suisse are joint global coordinators and are joined as joint bookrunners and joint lead arrangers by Societe Generale, ING, Orient Securities (Hong Kong), ABC International, China Securities International and CNCB HK Capital.
The notes were sold under Regulation S.
Proceeds will be used to refinance debt and for general corporate purposes.
China Hongqiao is an aluminum products manufacturer based in Zouping County, Shandong, China.
| Issuer: | China Hongqiao Group Ltd.
|
| Issue: | Senior notes
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| Amount: | $300 million
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| Maturity: | July 22, 2022
|
| Coupon: | 7 1/8%
|
| Price: | Par
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| Yield: | 7 1/8%
|
| Call: | Make-whole call
|
| Equity clawback: | For up to 35% at 107.125%
|
| Bookrunners: | China Citic International, Barclays and Credit Suisse (global coordinators), Societe Generale, ING, Orient Securities (Hong Kong), ABC International, China Securities International and CNCB HK Capital
|
| Pricing date: | July 15
|
| Settlement: | July 22
|
| Distribution: | Regulation S
|
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