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CSHF (0412) subscribes US$125m of notes issued by a lender
Company announcement, 2-Dec-2019
This is an indirect loan. The owner of the Issuer isn't disclosed. We can reveal that the Borrower is a subsidiary of Kaisa (1638), which recently issued 4-year notes at 11.95% p.a., but CSHF is only getting 7.5% from the Issuer - so how much is the Issuer taking as a spread, and why? Who owns it? What collateral, if any, is the Borrower offering? The issue arranger is a subsidiary of Bank of Communications (3328).
Organisations
- Bank of Communications Co., Ltd. 交通銀行股份有限公司
- BOCOM International Asset Management Limited 交銀國際資產管理有限公司
- Grand Sail Developments Limited 盛帆發展有限公司
- Kaisa Group Holdings Ltd. 佳兆業集團控股有限公司
- SHANDONG HI-SPEED HOLDINGS GROUP LIMITED 山高控股集團有限公司
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