By Marisa Wong
Los Angeles, Nov. 18 – Hero Asia Investment Ltd. issued $300 million of 1½% senior bonds due 2023 with the benefit of a keepwell deed provided by China Longyuan Power Group Corp. Ltd., according to a notice.
CMB International, Standard Chartered Bank, DBS Bank Ltd., CMB Wing Lung Bank Ltd., Huatai International, MUFG and Shanghai Pudong Development Bank Hong Kong Branch are the joint lead managers and joint bookrunners for the Regulation S offering.
Listing of the bonds on the Stock Exchange of Hong Kong Ltd. is expected to become effective Nov. 19.
China Longyuan is a Beijing-based wind power producer.
| Issuer: | Hero Asia Investment Ltd.
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| Guarantor: | China Longyuan Power Group Corp. Ltd.
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| Issue: | Senior bonds
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| Amount: | $300 million
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| Maturity: | 2023
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| Bookrunners: | CMB International, Standard Chartered Bank, DBS Bank Ltd., CMB Wing Lung Bank Ltd., Huatai International, MUFG and Shanghai Pudong Development Bank Hong Kong Branch
|
| Coupon: | 1½%
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| Listing date: | Nov. 19
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| Listing: | Stock Exchange of Hong Kong Ltd.
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| Distribution: | Regulation S
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