By Marisa Wong
Madison, Wis., April 21 – Hang Fat Ginseng Holdings Co. Ltd. announced it will issue HK$132.2 million of 3˝-year bonds at par to yield 6%.
CMB International Capital Ltd. is the manager.
The deal includes an option, exercisable at any time on or before Dec. 31, 2015, for up to HK$167.8 million of additional 3˝-year bonds. Except for the issue date and maturity date, these additional 6% bonds will have the same terms and conditions as the priced bonds.
Proceeds will be used as general working capital to support expansion of the company’s business.
The wholesale ginseng trader is based in Hong Kong.
| Issuer: | Hang Fat Ginseng Holdings Co. Ltd.
|
| Issue: | Bonds
|
| Amount: | HK$132.2 million
|
| Greenshoe: | HK$167.8 million
|
| Maturity: | Oct. 24, 2018
|
| Manager: | CMB International Capital Ltd.
|
| Coupon: | 6%
|
| Price: | Par
|
| Yield: | 6%
|
| Change-of-control put: | At par
|
| Pricing date: | April 21
|
| Settlement date: | April 24
|
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