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.
|Issuer, issue number||China Jinmao (form. Franshion Properties), 5.75% perp., USD |
|Type of debt instrument||International bonds |
|Issue status||outstanding |
|Type of placement||Public |
|Par, currency of issue||USD 200,000 |
|End of placement||01/10/2017 |
|Initial issue price||99.146 |
|Coupon||5.75% 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 frequency||2 time(s) per year|
|Settlement date||01/17/2017 |
|Issue Managers||Bookrunner: 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 floor||Hong Kong S.E. |
China Jinmao (form. Franshion Properties)
|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...