New bond issue: China Huarong International Holdings issued international bonds for USD 700.0m maturing in 2027 with a 4.75% coupon.

April 21, 2017 - Cbonds

 

China Huarong International Holdings issued international bonds for USD 700.0m maturing in 2027 with a 4.75% coupon. Bonds were sold at a price of 99.709% with an initial yield of 4.84%. Bookrunner: ANZ, Standard Chartered Bank, Nomura International, Morgan Stanley, ICBC, China Huarong Asset Management, HSBC, Goldman Sachs, Deutsche Bank, DBS Bank, Bank of China, Bank of Communications, CCB International, China Minsheng Banking, CMB International Capital Corporation, Commonwealth Bank, Credit Suisse
Depository: Euroclear Bank, Clearstream Banking S.A..
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Issuer, issue numberChina Huarong International Holdings, 4.75% 27apr2027, USD
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 200,000
Amount700,000,000
ISINXS1596795358
End of placement04/20/2017
Initial issue price99.709
Yield at pricing4.84
Coupon4.75%
Coupon frequency2 time(s) per year
Settlement date04/27/2017
Maturity date04/27/2027
Issue ManagersBookrunner: ANZ, Standard Chartered Bank, Nomura International, Morgan Stanley, ICBC, China Huarong Asset Management, HSBC, Goldman Sachs, Deutsche Bank, DBS Bank, Bank of China, Bank of Communications, CCB International, China Minsheng Banking, CMB International Capital Corporation, Commonwealth Bank, Credit Suisse Depository: Euroclear Bank, Clearstream Banking S.A. Trustee: BNY Mellon (London branch) Paying agent: BNY Mellon (London branch) Issuer Legal Adviser (International law): Linklaters Arranger Legal Adviser (International law): Clifford Chance Arranger Legal Adviser (Domestic law): Commerce & Finance Issuer Legal Adviser (Domestic law): Jun He Issuer Legal Adviser (Listing law): Maples & Calder
Trading floorHong Kong S.E.
Issuer: China Huarong International Holdings
Issuer profile:
China Huarong International Holdings Limited operates as a holding company, subsidiary of China Huarong Asset Management Co. Ltd.
Outstanding issues:
5 issuesUSD2,970,000,000
1 issuesSGD600,000,000