New bond issue: Greenland Holding Group issued international bonds for USD 500.0m maturing in 2018 with a 4% coupon.

June 16, 2017 - Cbonds

 

Greenland Holding Group issued international bonds for USD 500.0m maturing in 2018 with a 4% coupon. Bonds were sold at a price of 100% with an initial yield of 4.0402%. Bookrunner: Bank of China, Haitong International securities, JP Morgan
Depository: Clearstream Banking S.A..
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Issuer, issue numberGreenland Holding Group, 4% 20jun2018, USD
Type of debt instrumentInternational bonds
Issue statusoutstanding
Type of placementPublic
Par, currency of issueUSD 200,000
Amount500,000,000
ISINXS1633787798
End of placement06/15/2017
Initial issue price100
Yield at pricing4.0402
Coupon4%
Coupon frequency2 time(s) per year
Settlement date06/22/2017
Maturity date06/20/2018
Issue ManagersBookrunner: Bank of China, Haitong International securities, JP Morgan Depository: Clearstream Banking S.A. Trustee: Hongkong & Shanghai Banking Corporation (HSBC) Paying agent: Hongkong & Shanghai Banking Corporation (HSBC) Issuer Legal Adviser (International law): Davis Polk Issuer Legal Adviser (Listing law): Harney Westwood & Riegels Arranger Legal Adviser (International law): Linklaters Arranger Legal Adviser (Domestic law): AllBright Law Offices
Trading floorHong Kong S.E.
Issuer: Greenland Holding Group
Outstanding issues:
7 issuesUSD2,780,000,000
1 issuesCNY2,000,000,000
Issuer rating:
Moody's Investors ServiceBa1/NegativeLT- foreign currency05/24/2016
Moody's Investors ServiceWithdrawn/LT- local currency05/24/2016
S&P Global RatingsBB/NegativeForeign Currency LT04/29/2016
S&P Global RatingsBB/NegativeLocal Currency LT04/29/2016
Fitch RatingsBB/NegativeLT Int. Scale (foreign curr.)06/14/2017
Fitch RatingsBB/NegativeLT Int. Scale (local curr.)06/14/2017