trending Market Intelligence /marketintelligence/en/news-insights/trending/0GAOu1KaucvtU8nYaaf52g2 content esgSubNav
In This List

China Shandong Hi-Speed Financial unit to issue US$550M of bonds

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Banking Essentials Newsletter: September Edition


China Shandong Hi-Speed Financial unit to issue US$550M of bonds

China Shandong Hi-Speed Financial Group Ltd. unit Coastal Emerald Ltd. plans to issue US$550 million of bonds due Jan. 13, 2020.

They will carry a 5.95% interest rate and have an early redemption option. The bonds will be listed on the Hong Kong stock exchange.

The company said Jan. 8 that it will use proceeds from the issuance for refinancing and general corporate purposes.

BOCI Asia Ltd., Mizuho Securities Asia Ltd. and Silk Road International Capital Ltd. were appointed as joint global coordinators, joint lead managers and joint book runners. Zhongtai International Securities Ltd., China Minsheng Banking Corp. Ltd.'s Hong Kong branch, Shanghai Pudong Development Bank's Hong Kong branch, BOCOM International Securities Ltd., Orient Securities (Hong Kong) Ltd., GF Securities (Hong Kong) Brokerage Ltd. and Dongxing Securities (Hong Kong) Co. Ltd. will serve as joint lead managers and joint book runners.