New Issue: Shenwan Hongyuan prices $200 million 1½% one-year bonds at par

By William Gullotti

Buffalo, N.Y., Jan. 21 – Shenwan Hongyuan (H.K.) Ltd. sold $200 million of 1½% one-year bonds at par on Thursday, according to an announcement.

The bonds may only be called for taxation reasons at par plus interest and also feature a change-of-control put at 101 plus interest.

Shenwan Hongyuan Securities (H.K.) Ltd., CMB Wing Lung Bank Ltd., Industrial Bank Co., Ltd., Hong Kong Branch, Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, China Industrial Securities International Brokerage Ltd., China Construction Bank (Asia) Corp., Ltd., China International Capital Corp., Hong Kong Securities Ltd., China Merchants Securities (HK) Co., Ltd., CCB International Capital Ltd., CMB International Capital Ltd., CEB International Capital Corp., Ltd., Central China International Securities Co., Ltd. and China Galaxy International Securities (Hong Kong) Co., Ltd. are the managers for the offering.

Proceeds from the offering will be used for general corporate purposes.

According to the announcement, the company has received a confirmation of eligibility for the Regulation S bonds to be listed on the Hong Kong Exchange.

The issuer is an investment holding company engaged in brokerage, corporate finance, asset management, financing, investment and other businesses in Hong Kong.

Issuer:	Shenwan Hongyuan (H.K.) Ltd.
Amount:	$200 million
Issue:	Bonds
Maturity:	Jan. 26, 2023
Managers:	Shenwan Hongyuan Securities (H.K.) Ltd., CMB Wing Lung Bank Ltd., Industrial Bank Co., Ltd., Hong Kong Branch, Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, China Industrial Securities International Brokerage Ltd., China Construction Bank (Asia) Corp., Ltd., China International Capital Corp., Hong Kong Securities Ltd., China Merchants Securities (HK) Co., Ltd., CCB International Capital Ltd., CMB International Capital Ltd., CEB International Capital Corp., Ltd., Central China International Securities Co., Ltd. and China Galaxy International Securities (Hong Kong) Co., Ltd.
Coupon:	1½%
Price:	Par
Yield:	1½%
Call option:	For taxation reasons only at par plus interest
Change of control:	At 101 plus interest
Pricing date:	Jan. 20
Distribution:	Regulation S

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