Published on 8/13/2020 in the Prospect News Emerging Markets Daily.
New Issue: Qingdao China Prosperity unit sells $200 million 3.35% notes due 2023
By Sarah Lizee
Olympia, Wash., Aug. 13 – Qingdao China Prosperity State-Owned Capital Operation (Group) Co., Ltd. unit Huatong International Investment Holdings Co., Ltd. priced $200 million of 3.35% notes due 2023 (//BBB), according to a notice of listing on the Stock Exchange of Hong Kong Ltd.
The notes are guaranteed by Qingdao China Prosperity.
The joint lead managers and joint bookrunners are CNCB Capital, China International Capital Corp., Standard Chartered Bank, Shanghai Pudong Development Bank Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, CLSA, Industrial Bank Co., Ltd. Hong Kong Branch, Shenwan Hongyuan HK, Bank of China and CEB International. The joint global coordinators are CNCB, China International Capital and Standard Chartered Bank.
Listing is expected for Friday.
Qingdao China Prosperity operates machinery industry equipment manufacturing, food wholesales, real estate development, and other businesses. It is based in Qingdao, China.
| Issuer: | Huatong International Investment Holdings Co., Ltd.
|
| Guarantor: | Qingdao China Prosperity State-Owned Capital Operation (Group) Co., Ltd.
|
| Issue: | Notes
|
| Amount: | $200 million
|
| Maturity: | 2023
|
| Bookrunners: | CNCB Capital, China International Capital Corp., Standard Chartered Bank, Shanghai Pudong Development Bank Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, CLSA, Industrial Bank Co., Ltd. Hong Kong Branch, Shenwan Hongyuan HK, Bank of China and CEB International. The joint global coordinators are CNCB, China International Capital and Standard Chartered Bank
|
| Coupon: | 3.35%
|
| Announcement date: | Aug. 13
|
| Listing date: | Aug. 14
|
| Rating: | Fitch: BBB
|
|
|
© 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.
