October 23, 2017 8:57 AM ET

Diversified Financial Services

Company Overview of Huarong Finance 2017 Co., Ltd.

Company Overview

Huarong Finance 2017 Co., Ltd. is a debt issuing vehicle. The company is headquartered in British Virgin Islands.

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British Virgin Islands

Key Executives for Huarong Finance 2017 Co., Ltd.

Huarong Finance 2017 Co., Ltd. does not have any Key Executives recorded.

Huarong Finance 2017 Co., Ltd. Key Developments

Huarong Finance 2017 Co., Ltd. to Raise USD 1 Billion in Placement of Floating Rate 2022 Notes

Huarong Finance 2017 Co., Ltd. subsidiary of China Huarong Asset Management Co., Ltd., has announced to raise USD 1 billion in private placement of USD floating rate 2022 notes. China Huarong is a China-based financial asset management company. The notes will mature on April 27, 2022 with three months LIBOR plus 1.85%, payable in arrears on 27 January, 27 April, 27 July, and 27 October of each year. The bonds will be sold at a price of 100% on principal amount. Concurrently, Huarong Finance has entered into a subscription agreement to raise USD 570 million in USD fixed rate 2022 notes, USD 200 million in USD fixed rate 2047 notes, USD 500 million in USD floating rate 2020 notes, SGD 600 million (USD 429.28 million) in 3.2% guaranteed 2021 notes. Australia and New Zealand Banking Group Limited, Bank of China Limited, Bank of Communications Co., Ltd. Hong Kong Branch, CCB International Capital Limited, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Huarong International Securities Limited, Industrial and Commercial Bank of China (Asia) Limited, Nomura International (Hong Kong) Limited, Standard Chartered Bank PLC, BOCI Asia Limited, China Minsheng Banking Corp., Ltd., Hong Kong Branch, CMB International Capital Limited, Commonwealth Bank of Australia, Credit Suisse (Hong Kong) Limited, Deutsche Bank AG, Hong Kong Branch, Goldman Sachs (Asia) L.L.C. and Morgan Stanley & Co. International plc are acting as joint lead managers for the offering. The offering is expected to close on April 27, 2017.

Huarong Finance 2017 Co., Ltd. to Raise USD 429.28 Million in Placement of 3.2% Guaranteed Notes Due 2021

Huarong Finance 2017 Co., Ltd. has announced to raise SGD 600 million (USD 429.28 million) in private placement of 3.2% guaranteed notes due 2021. China Huarong is a China-based financial asset management company. The notes will mature on April 27, 2021 with a 3.2% coupon. The bonds will be sold at a price of 100% on principal amount, with an initial yield of 3.2%. Concurrently, Huarong Finance has entered into a subscription agreement to raise USD 570 million in USD fixed rate 2022 notes, USD 200 million in USD fixed rate 2047 notes, USD 500 million in USD floating rate 2020 notes, USD 1,000 million in USD floating rate 2022 notes. DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited and Standard Chartered Bank are the joint lead managers for the offering. The offering is expected to close on April 27, 2017.

Huarong Finance 2017 Co., Ltd. to Raise USD 500 Million in Placement of Floating Rate Notes Due 2020

Huarong Finance 2017 Co., Ltd. has announced to raise USD 500 million in private placement of guaranteed floating rate notes due 2020. The notes will mature on April 27, 2020 with 3 months LIBOR plus 1.65%, payable in arrears on 27 January, 27 April, 27 July, and 27 October of each year. The bonds will be sold at a price of 100% on principal amount. Concurrently, Huarong Finance has entered into a subscription agreement to raise USD 570 million in USD fixed rate notes due 2022, USD 200 million in USD fixed rate notes due 2047, USD 1 billion in USD floating rate notes due 2022, SGD 600 million (USD 429.28 million) in 3.2% guaranteed notes due 2021. Australia and New Zealand Banking Group Limited, Bank of China Limited, Bank of Communications Co., Ltd. Hong Kong Branch, CCB International Capital Limited, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Huarong International Securities Limited, Industrial and Commercial Bank of China (Asia) Limited, Nomura International (Hong Kong) Limited, Standard Chartered Bank PLC, BOCI Asia Limited, China Minsheng Banking Corp., Ltd., Hong Kong Branch, CMB International Capital Limited, Commonwealth Bank of Australia, Credit Suisse (Hong Kong) Limited, Deutsche Bank AG, Hong Kong Branch, Goldman Sachs (Asia) L.L.C. and Morgan Stanley & Co. International plc are acting as joint lead managers for the offering. The offering is expected to close on April 27, 2017.

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