Duration Financial News, Funing County Urban Development Holding Group Co., Ltd, ltd., "Funing Urban Development Holdings") issued REG S, 3-year, JPY-denominated senior unsecured bonds. (priced)
The terms are as follows: Issuer: Funing County Chengfa Holding Group***
SBLC provider: Bank of Jiangsu Co., Ltd, Ltd., referred to as "Bank of Jiangsu", 600919SH) Yancheng Branch
Expected Issue Rating: Unrated.
Type: Fixed rate, senior unsecured credit enhancement bonds.
Release rules: reg s
Issuance size: 8 billion yen.
Term: 3 years.
Initial guide price: 168% area
Final guide price:
Coupon rate: 158%
Yield: 158%
Issue **: 100
Delivery date: March 12, 2024.
Expiration date: March 12, 2027.
Use of funds: for project construction and replenishment of working capital.
Change of Control Buyback: 100%.
Miscellaneous: MOX listing on ASX; The minimum denomination increment is 100 million yen and 10 million yen; The Law of the Hong Kong Special Administrative Region.
Sole Global Coordinator, Joint Bookrunner and Joint Lead Manager: Fosun International** (B&D).
Joint bookrunners and joint lead managers: Industrial Bank Hong Kong Branch, Zheshang Bank Hong Kong Branch, CITIC**, CEB International, CMBC Capital, Xinyuan**, Guoyuan** (Hong Kong), China CITIC Bank International, Huatai International.
Clearing Institution: European Bank for Clearing Clearstream Bank.
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