Published on 6/1/2021 in the Prospect News Emerging Markets Daily.
New Issue: China’s Datang Group sells $300 million 12½% one-year notes at 99.547
By Wendy Van Sickle
Columbus, Ohio, June 1 – Datang Group Holdings Ltd. priced $300 million of 12½% one-year notes at 99.547 on Monday, according to a company announcement.
Guotai Junan Securities (Hong Kong) Ltd., China International Capital Corp. Hong Kong Securities Ltd., Haitong International Securities Co. Ltd., CCB International Capital Ltd., China Galaxy International Securities (Hong Kong) Co. Ltd., Glory Sun Securities Ltd., BNP Paribas, CMB International Capital Ltd., China Everbright Securities (HK) Ltd., AMTD Global Markets Ltd., Vision Capital International Holdings Ltd., JQ Securities (Hong Kong) Ltd., Central Wealth Securities Investment Ltd., Soochow Securities International Brokerage Ltd., GLAM Capital Ltd., Valuable Capital Ltd. and China Merchants Securities (HK) Co., Ltd. are the bookrunners.
Proceeds will be used for general corporate purposes.
The property development company is based in Xiamen, China.
| Issuer: | Datang Group Holdings Ltd.
|
| Issue: | Senior notes
|
| Amount: | $300 million
|
| Maturity: | June 6, 2022
|
| Bookrunners: | Guotai Junan Securities (Hong Kong) Ltd., China International Capital Corp. Hong Kong Securities Ltd., Haitong International Securities Co. Ltd., CCB International Capital Ltd., China Galaxy International Securities (Hong Kong) Co. Ltd., Glory Sun Securities Ltd., BNP Paribas, CMB International Capital Ltd., China Everbright Securities (HK) Ltd., AMTD Global Markets Ltd., Vision Capital International Holdings Ltd., JQ Securities (Hong Kong) Ltd., Central Wealth Securities Investment Ltd., Soochow Securities International Brokerage Ltd., GLAM Capital Ltd., Valuable Capital Ltd. and China Merchants Securities (HK) Co., Ltd.
|
| Coupon: | 12½%
|
| Price: | 99.547
|
| Equity clawback: | For up to 35% at 112.5
|
| Call option: | At par plus a premium at any time
|
| Pricing date: | May 31
|
| Settlement date: | June 7
|
|
|
© 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.
