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AMTD completes US$200 million 363-day fixed rate senior notes issuance for Zhongtai International

By March 21, 2019 August 19th, 2019 No Comments

On 21 March 2019, Zhongtai Financial International Limited (the “Company”) successfully priced its US$200m 363-day senior unsecured notes offering (the “Transaction”). AMTD acted as a Joint Bookrunner on the Transaction.

The issuer is a special purpose vehicle set up by the Company in BVI, and is guaranteed by the Company, while Zhongtai Securities Co., Ltd.  Acts as keepwell provider. The bond is expected to be unrated. As the result of active subscription, the final orderbook reached a peak of over US$700m. Final price guidance reflected a tightening of 47.5 bps versus the initial price guidance.

The issuer is a special purpose vehicle set up by the Company in BVI, and is guaranteed by the Company, while Zhongtai Securities Co., Ltd.  Acts as keepwell provider. The bond is expected to be unrated. As the result of active subscription, the final orderbook reached a peak of over US$700m. Final price guidance reflected a tightening of 47.5 bps versus the initial price guidance.Company News