Minmetals Land Ltd.'s Expand Lead Ltd. will issue US$300.0 million of 6.40% senior guaranteed bonds that mature Sept. 18, 2021.
The bonds will be issued at 100.0% of their principal amount on or about Sept. 18, and are expected to be listed on the Hong Kong stock exchange the next day.
The Hong Kong-headquartered diversified real estate developer intends to use proceeds from the issue to refinance its existing debt.
BOCI Asia Ltd., DBS Bank Ltd., Haitong International Securities Co. Ltd. and The Hongkong and Shanghai Banking Corp. Ltd. are the joint global coordinators, joint lead managers and joint book runners for the issuance. China Everbright Bank Hong Kong Branch, CLSA Ltd., Industrial Bank Co. Ltd. Hong Kong Branch, Orient Securities (Hong Kong) Ltd., Shanghai Pudong Development Bank Hong Kong Branch and Silk Road International are the joint lead managers and joint book runners.