CIFI Holdings (Group) Co. Ltd. is planning to issue US$300 million in senior perpetual capital securities Dec. 19 to net approximately US$295 million for debt refinancing.
The company said it may redirect the expected proceeds from the issuance to other uses, depending on market conditions. According to a filing, the securities will be offered at a price equal to 100% of the securities' principal amount.
ICBC International Securities Ltd., The Hongkong and Shanghai Banking Corp. Ltd., Standard Chartered Bank, Haitong International Securities Co. Ltd., BOSC International Co. Ltd., GF Securities (Hong Kong) Brokerage Ltd., Guotai Junan Securities (Hong Kong) Ltd., Goldman Sachs (Asia) LLC, China Industrial Securities International Brokerage Ltd., Chiyu Banking Corp. Ltd. and CLSA Ltd. will be acting as the joint book runners of the issuance and with Credit Suisse (Hong Kong) Ltd. also function as joint lead managers.
