New bond issue: China Jinmao (form. Franshion Properties) issued international bonds for USD 500.0m with a 5Y USD Swap Rate + 3.859% coupon.

January 11, 2017 - Cbonds

 

China Jinmao (form. Franshion Properties) issued international bonds for USD 500.0m with a 5Y USD Swap Rate + 3.859% coupon. Bonds were sold at a price of 99.146%. Bookrunner: Goldman Sachs, HSBC.
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Issuer, issue numberChina Jinmao (form. Franshion Properties), 5.75% perp., USD
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 200,000
Amount500,000,000
ISINXS1535978800
End of placement01/10/2017
Initial issue price99.146
Coupon5.75% from the interest commencement date to 17.01.2022, 5Y USD Swap Rate + 3.859% from 17.01.2022 to 17.01.2032, 5Y USD Swap Rate + 4.109% from 17.01.2032 to 17.01.2047, 5Y USD Swap Rate + 4.859% from 17.01.2047 to maturity
Coupon frequency2 time(s) per year
Settlement date01/17/2017
Issue ManagersBookrunner: Goldman Sachs, HSBC Issuer Legal Adviser (International law): Linklaters Issuer Legal Adviser (Domestic law): Maples & Calder Arranger Legal Adviser (International law): Clifford Chance Arranger Legal Adviser (Domestic law): Tian Yuan
Trading floorHong Kong S.E.
Issuer: China Jinmao (form. Franshion Properties)
Issuer profile:
The company has changed name to China Jinmao Holdings Group Limited. Hong Kong-listed Franshion is a 62.87%-owned subsidiary of Sinochem Hong Kong, which is 98%-owned by Sinochem Group, one of China... more
Outstanding issues:
9 issuesUSD3,650,000,000
Issuer rating:
Moody's Investors ServiceBaa3/LT- foreign currency12/23/2014
S&P Global RatingsBBB/StableForeign Currency LT11/07/2013
S&P Global RatingsBBB/StableLocal Currency LT11/07/2013
Fitch RatingsBBB-/StableLT Int. Scale (foreign curr.)06/23/2017
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150 000
issues: local and international bonds
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countries
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