New bond issue: China Evergrande Group issued international bonds for USD 1,000.0m maturing in 2022 with a 8.25% coupon.

March 20, 2017 - Cbonds

 

China Evergrande Group issued international bonds for USD 1,000.0m maturing in 2022 with a 8.25% coupon. Bonds were sold at a price of 100% with an initial yield of 8.25%. Bookrunner: China Merchants Bank, Credit Suisse, Haitong International securities.
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Issuer, issue numberChina Evergrande Group, 8.25% 23mar2022, USD
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 200,000
Amount1,000,000,000
ISINXS1580431143
End of placement03/17/2017
Initial issue price100
Yield at pricing8.25
Coupon8.25%
Coupon frequency2 time(s) per year
Settlement date03/23/2017
Maturity date03/23/2022
Issue ManagersBookrunner: China Merchants Bank, Credit Suisse, Haitong International securities Depository: Clearstream Banking S.A., Euroclear Bank Trustee: Citicorp International Limited Paying agent: Citibank N.A. (London branch) Issuer Legal Adviser (Domestic law): Maples & Calder, Commerce & Finance Issuer Legal Adviser (International law): Sidley Austin Arranger Legal Adviser (International law): Davis Polk Arranger Legal Adviser (Domestic law): King & Wood Mallesons
Trading floorSGX, 6I7B
Issuer: China Evergrande Group
Issuer profile:
China Evergrande Group (formerly known as Evergrande Real Estate Group Limited) - один из крупнейших девелоперов недвижимости в Китае и Гонконге.
Outstanding issues:
9 issuesUSD11,923,578,000
Issuer rating:
Moody's Investors ServiceB2/StableLT- local currency06/05/2017
S&P Global RatingsB/StableForeign Currency LT05/18/2017
S&P Global RatingsB/StableLocal Currency LT05/18/2017
Fitch RatingsB+/StableLT Int. Scale (foreign curr.)04/25/2017