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Tunghsu Issues US Dollar Bonds in the Overseas Market

发布时间:2017-06-23
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      On June 7th, 2017, Tunghsu Group announced that it completed issuance of US dollar bonds of $35 million in the overseas markets.

      Goldman Sachs, the leading global investment banking, securities and investment management firm, is acting as sole global co-ordinator and sole bookrunner for Tunghsu in this deal. In the plant site visit at Wuhu, Anhui province and road shows held in Hongkong, Singapore, and London, Tunghsu communicated with 100 investors and demonstrated the great image as a Chinese private enterprise and its investment value. The deal had overwhelming response from 87 investors, including the Blue Chip Fund, Sovereign Fund, and some large Bond Funds from Asia.

      The US Dollar Bond issued by Tunghsu this time made the record as the first dollar high-yield bond with the lowest coupon rate in the Asia and Pacific Region. It is a debut dollar issuance by Tunghsu in the global capital market.

      Over the years, Tunghsu has gained the trust in domestic equity capital market and bond capital market with its continuous improvement performance. Based on the US Dollar Bonds issuance, Tunghsu broadened its financing channels, which would lay a solid foundation for its internationalized development strategy in the future.

      For the 20 years, Tunghsu has been devoted to developing the optoelectronic industry, high-end equipment manufacturing industry, renewable energy and other industries, practicing the ideal of “serving the country through industrial development”. The total assets of Tunghsu reached up to RMB 137.3 billion by the end of 2016, and revenue in 2016 was RMB21.1 billion. Tunghsu has grown into one of China's leading conglomerates with 3 A-share listed companies. Tunghsu will continue to promoting development of the industries and contributing to the rejuvenation of the country in the future.