Trade Resources Market View Greenland Hong Kong Issued USD 700 Million Bonds to Expire in 2016

Greenland Hong Kong Issued USD 700 Million Bonds to Expire in 2016

Greenland Hong Kong issued USD 700 million bonds to expire in 2016, with annual interest rate of 4.75%, and the interests will be paid every half a year.

Net raised capital of CNY 695 million will be used for refinancing for existing debts, paid for existing and newly-added property projects and taken as general corporate use.

HSBC, JP Morgan Chase, Morgan Stanley, BOC International, Deutsche Bank, Citigroup and Goldman Sachs acted as Joint Bookrunners and Joint Lead Managers.

Source: http://www.sinocast.com/readbeatarticle.do?id=100190
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