By Wendy Van Sickle
Columbus, Ohio, June 28 – China’s Xin Fu (BVI) Co., Ltd. priced $100 million of 6.9% senior notes due 2022, according to a listing notice filed with the Stock Exchange of Hong Kong, Ltd.
The bonds are guaranteed by Taizhou Xintai Group Co., Ltd.
Proceeds will be used for debt repayment and for general corporate purposes.
Guotai Junan International and Industrial Bank Co. Ltd. Hong Kong Branch are the joint global coordinators, joint lead managers and joint bookrunners.
CMBC Capital, Fosun Hani and Bank of China are also joint lead managers and joint bookrunners.
The Taizhou, China-based company provides infrastructure construction services.
| Issuer: | Xin Fu (BVI) Co., Ltd.
|
| Guarantor: | Taizhou Xintai Group Co., Ltd.
|
| Issue: | Senior notes
|
| Amount: | $100 million
|
| Maturity: | 2022
|
| Bookrunners: | Guotai Junan International, Industrial Bank Co. Ltd., Hong Kong Branch, CMBC Capital, Fosun Hani and Bank of China
|
| Coupon: | 6.9%
|
| Announcement date: | June 28
|
| Distribution: | Regulation S
|
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